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New buildInvestment signal

$725,000

22 Leam Rd

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Beds

Baths

Sqft

—

Year

2026

Type

Single Family

Suite

Investment signal

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Location nearby

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

About this home

Brand new half duplex in a desirable central Diver Lake location on a quiet cul-de-sac in a family-oriented neighborhood. Steps from shopping, coffee shops, restaurants, schools, bus routes, Beban Park, Beban pool, skating arena, & the lake. This quality-built home offers 3 bedrooms & 3 full bathrooms with a main-level entry. The open-concept main floor features a bright kitchen with a large island, spacious living room with electric fireplace, full bath, & single garage. Upstairs, the primary bedroom offers two large closets and a 4-piece ensuite, plus two more bedrooms, a full bath, a den/office & laundry. Enjoy natural gas heating, electric hot water tank, EV charger rough-in, blinds, quartz countertops throughout the whole house. Pre-book and enjoy the opportunity to customize interior and exterior colors, cabinetry, and more while construction is underway. All measurements approximate; buyer to verify. GST applicable. Price is plus GST. (id:65958)

Subtype: Single Family
Structure: Duplex
Community: Diver Lake
Common interest: Condo/Strata
Living area: 1,755 square feet
Lot size: 6,962 square feet
Lot dimensions: 6962
Parking: 3 total
Fireplace: 1
On market: Sep 30, 2025
Status changed: Apr 16, 2026
Annual tax: $1,440.5
Zoning: Residential
Photos: 26
MLS#: 1015317
Area: NANAIMO

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Heat PumpForced airElectricNatural gas

Cooling

Air Conditioned

Lot

Central locationCul-de-sacOther

Community

Family OrientedPets Allowed

Negative cash flow ~$814/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-6.73%

Cap rate

3.52%

GRM

16.7

Break-even rent

$4,481

Financing

Down payment$145,000

Loan amount$580,000

Mortgage$2,939/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$332

Insurance$80

Maintenance$604

CapEx reserve$302

Vacancy loss$181

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.

Mortgage estimate

Estimated $2,939/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.