No photos available
Legal suite

$1,110,000

5364 Laguna Way

Beds

5

Baths

3

Sqft

Year

2009

About this home

Discover coastal lifestyle in this 5-bed, 3-bath home in North Nanaimo’s Oceanview Terrace. This main-level entry home features an open-concept layout centered around a gourmet kitchen with granite countertops, a marble backsplash, and a cozy gas fireplace. Step onto the large balcony to soak in panoramic views of the Georgia Strait and Winchelsea Islands. The primary suite is a true retreat, offering soaring ocean views to start your day. For added value, the home includes a 2-bedroom legal suite, perfect as a mortgage helper or for extended family. Located just steps from a local park and minutes from the natural beauty of Neck Point and Pipers Lagoon, you’re also perfectly positioned near Woodgrove Shopping Centre and top-tier North End restaurants. This is the ultimate blend of high-end finishes, breathtaking vistas, and unbeatable convenience. (id:65958)

Subtype
Single Family
Lot size
5,132 square feet
MLS#
1030863
Area
NANAIMO
Negative cash flow ~$1,107/mo at these assumptions

Cash on cash

-5.98%

Cap rate

4.69%

GRM

13.9

Break-even rent

$7,815

Financing

Down payment$222,000
Loan amount$888,000
Mortgage$5,448/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$509
Insurance$80
Maintenance$925
CapEx reserve$463
Vacancy loss$333

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.

Mortgage estimate

Estimated $5,448/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.

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.