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New buildInvestment signal

$1,300,000

A 4176 WELLESLEY Ave

Beds

3

Baths

4

Sqft

Year

2026

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.

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About this home

Waterfront Luxury Duplex | Approx. 3,000 Sq. Ft. Discover refined waterfront living in this beautifully designed duplex inspired by California architecture. Warm, inviting colour palettes complement the desirable southern exposure, filling the home with natural light and showcasing stunning water views. A scenic running and walking path sits just outside your front door, with a public beach only steps away. The main floor features a gourmet kitchen seamlessly connected to an open-concept living and dining area—ideal for entertaining or relaxing—anchored by a stylish gas fireplace. The third level is thoughtfully designed with two spacious primary suites, each offering a private ensuite bathroom and walk-in closet, providing comfort, privacy, and a true retreat experience. The walk-out basement continues the home’s impressive layout with patio doors leading to a concrete patio, a generous family room, an additional bedroom, and a four-piece bathroom—perfect for guests or extended family living. At this stage of construction, buyers have the opportunity to personalize the interior by selecting colours and cabinetry to suit their individual style. (id:65958)

Subtype
Single Family
Architectural style
Westcoast, Other
Structure
Duplex
Community
Uplands
Common interest
Condo/Strata
Living area
2,926 square feet
Lot size
5,361 square feet
Lot dimensions
5361
Parking
3 total
Condo/HOA fee
$0 monthly
Fireplace
1
On market
Oct 14, 2025
Status changed
Apr 16, 2026
Annual tax
$1
Zoning
Duplex
Photos
16
MLS#
1017451
Area
NANAIMO

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Heat PumpForced air

Cooling

Fully air conditionedAir Conditioned

Lot

Central locationPark settingSouthern exposureSee remarksOtherMarine Oriented

Community

Family OrientedPets Allowed

View

Lake viewMountain view

Waterfront

Waterfront on lake
Negative cash flow ~$2,506/mo at these assumptions

Cash on cash

-11.57%

Cap rate

3.58%

GRM

16.7

Break-even rent

$9,138

Financing

Down payment$260,000
Loan amount$1,040,000
Mortgage$6,380/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$596
Insurance$80
Maintenance$1,083
CapEx reserve$542
Vacancy loss$325

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 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 Nanaimo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $6,380/mo at 5.49% with 20% down, 25-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.

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