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Investment signal

$1,099,000

3796 Sundown Dr

Beds

6

Baths

4

Sqft

Year

1980

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

Discover your dream home or investment opportunity at 3796 Sundown Drive in beautiful Nanaimo, BC! Enjoy sweeping ocean views from this well-located and versatile 3,400+ sq ft single-detached home, ideally positioned close to shopping centres, schools, and daily amenities. This spacious property offers excellent flexibility for a growing family, multi-generational living, or an owner-occupier with mortgage helper potential. The layout allows comfortable living on the upper level while generating income from the lower floor. Recently updated and well maintained, the home is in a condition that continues to attract responsible, long-term tenants, making it equally appealing to investors. The property has a proven rental history with strong income, supporting positive cash flow for those seeking a stable holding property. With its generous square footage, ocean outlook, and desirable neighbourhood, this home also resents long-term upside whether held as a rental, explored for short-term accommodation (buyer to verify) , or positioned for future redevelopment. A rare opportunity to secure a property that balances lifestyle, income, and future potential in e of Nanaimo's sought-after areas. (id:65958)

Subtype
Single Family
Structure
House
Community
Hammond Bay
Common interest
Freehold
Living area
3,400 square feet
Lot size
11,784 square feet
Lot dimensions
11784
Parking
4 total
Fireplace
1
On market
Jan 9, 2026
Status changed
Apr 16, 2026
Annual tax
$7,386.15
Zoning
Residential
Photos
51
MLS#
1022945
Area
NANAIMO

Features and systems

Appliances

WasherRefrigeratorStoveDryer

Heating

Baseboard heatersElectric

Cooling

None

Lot

Other

View

Ocean view
Negative cash flow ~$2,126/mo at these assumptions

Cash on cash

-11.61%

Cap rate

3.57%

GRM

16.7

Break-even rent

$7,738

Financing

Down payment$219,800
Loan amount$879,200
Mortgage$5,394/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$504
Insurance$80
Maintenance$916
CapEx reserve$458
Vacancy loss$275

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 $5,394/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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