1 / 49
Legal suite

$3,445,000

1381 Marina Way

Beds

4

Baths

4

Sqft

Year

2016

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

Open full map

About this home

Incomparable Beachcomber Oceanfront Home with Legal Suite! World-class SW-facing views of the Strait of Georgia, Mt Arrowsmith, and breathtaking sunsets over NW Bay and Madrona Point! This spectacular 4 Bed/4 Bath Contemporary West Coast home on a hardscaped .42-acre lot boasts main-level living plus a fully finished lower-level Legal Suite—ideal for an Airbnb, rental revenue, extended family, or multi-generational living. The home offers breathtaking views from all main living areas, a skylight and expansive windows, superb extras, RV prkg, and 3 levels of SW-facing decks! A staircase provides direct access to the oceanfront, while the owners have invested approx $250,000 in exterior enhancements over time. Privately tucked away in Beachcomber just mins from a marina, a short drive to Parksville, and easy access to Qualicum Beach and Nanaimo. An extended driveway leads to a lrg parking area. An overheight, pillared porch opens to a foyer and stunning open-concept Kitchen/Living/Dining Room with a vaulted ceiling, eng oak floors, and walls of south- and west-facing windows framing bay views. The skylit Island Kitchen features quartz counters, prep sink, WI pantry, and premium appls. A propane FP anchors the Living/Dining area, with French doors to a SW-facing ocean-view deck with a covered BBQ area. Watch boats heading out from the marina, with the occasional appearance of sea lions or whales, and as evening falls, enjoy a front-row seat to the spectacular colors of the setting sun. The Primary Suite offers views, a WI closet, and a spa-inspired 5-piece ensuite. Also on the main level: Office/Bedroom, Wine Room, Powder Room, Laundry, and access to a triple garage. The lower level 2 Bed/1 Bath Legal Suite features a bright open-concept Kitchen/Living/Dining Area with a gas FP, picture windows with views, and a door to a huge lower deck. A staircase leads down to a third oceanfront deck. Truly a haven of tranquility, style, and comfort, visit our website for more. (id:65958)

Subtype
Single Family
Architectural style
Contemporary
Structure
House
Community
Nanoose
Common interest
Freehold
Living area
3,196 square feet
Lot size
18,404 square feet
Lot dimensions
18404
Parking
6 total
Fireplace
2
On market
Apr 16, 2026
Status changed
Apr 16, 2026
Annual tax
$11,266
Zoning
Residential
Photos
46
MLS#
1032046
Area
NANOOSE_BAY

Features and systems

Parking

Carport

Appliances

WasherRefrigeratorRange - GasDishwasherDryerMicrowave

Heating

Heat PumpBaseboard heatersForced airElectric

Cooling

Air Conditioned

Lot

HillsidePrivate settingSouthern exposureSlopingOtherMarine Oriented

View

Mountain viewOcean view

Waterfront

Waterfront on ocean
Negative cash flow ~$288/mo at these assumptions

Cash on cash

-0.50%

Cap rate

4.76%

GRM

13.9

Break-even rent

$20,978

Financing

Down payment$689,000
Loan amount$2,756,000
Mortgage$13,964/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$1,579
Insurance$80
Maintenance$2,871
CapEx reserve$1,435
Vacancy loss$1,034

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanoose Bay. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $13,964/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.

We use a single cookie to remember if you’ve dismissed this notice and a no-PII analytics ping. By using this site you consent. Privacy.