No photos available
Investment signal

$745,000

1421 Cranberry Ave

Beds

8

Baths

5

Sqft

Year

1912

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

Welcome to this beautifully renovated 1912 Edwardian farmhouse in the heart of Chase River, where timeless character meets thoughtful modern updates. Relocated to its current site in the early 1980s on a new foundation, this charming home offers 2,247 sq ft of finished living space plus a 1,220 sq ft under-height lower level for a total of 3,467 sq ft. Zoned R5 on a sunny .24-acre lot, it allows for a secondary suite and a detached carriage house. With transit and schools at the door, shopping nearby, all the amenities of Nanaimo, the airport, and ferries just minutes away, convenience meets country living at this beautiful home. A quaint covered front porch sets the tone, perfect for relaxing with morning coffee. Inside, a vaulted entry welcomes you into a home rich with restored character: original fir floors, vintage doors with glass knobs, crown molding, and period details like shiplap, beadboard, dormer ceilings, and stained glass in both cabinetry and doors. The updated country kitchen features a farmhouse sink, tile backsplash, built in breakfast nook, island, and access to an adjoining mudroom with laundry/ powder room and side porch access to the backyard. The main level also includes a spacious primary bedroom with an ensuite. Upstairs, five additional bedrooms and a full bath provide flexible space, including one bedroom with a charming dressing room and access to a private upper deck. The lower level offers a bright and spacious, self-contained 2-bedroom suite with private entrance, updated kitchen with eating bar, laundry, and inviting living space—ideal for extended family or rental income. Outside, you'll find mature landscaping, a garden shed, chicken coop, and potential for a second driveway. The workshop area under the sundeck adds extra utility. Walk to the Boys and Girls Club, schools, and more. A rare blend of charm, space, and versatility in a family-friendly location. Measurements approx. and should be verified if important. (id:65958)

Subtype
Single Family
Structure
House
Community
Chase River
Common interest
Freehold
Living area
3,467 square feet
Lot size
10,368 square feet
Lot dimensions
10368
Parking
4 total
On market
Mar 3, 2026
Status changed
Apr 16, 2026
Annual tax
$5,749
Zoning
Residential
Photos
86
MLS#
1027388
Area
NANAIMO

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Forced airNatural gas

Cooling

None

Lot

Central locationLevel lotOtherMarine Oriented
Negative cash flow ~$1,470/mo at these assumptions

Cash on cash

-11.84%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,273

Financing

Down payment$149,000
Loan amount$596,000
Mortgage$3,656/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$341
Insurance$80
Maintenance$621
CapEx reserve$310
Vacancy loss$186

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 $3,656/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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