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Investment signal

$975,000

3026 Waterstone Way

Save this home

Beds

3

Baths

3

Sqft

Year

2007

Type

Single Family

Suite

Investment signal

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

Luxurious half duplex within a premier waterfront development in Departure Bay, featuring dock & private beach access, built by Windley Contracting. Rarely do homes become available in The Shores, approx 2,850 sq.ft. residence offers generous space w/ advantages of detached-style living. Private entry/garage lead into south-facing, 3-bed, 3-bath home, offering 2 dens & designed to capture natural light & scenic views. Enjoy sunshine & breathtaking mountain & harbour views from multiple outdoor areas, including a balcony off living room, where you'll find engineered hardwood flooring, gas fireplace, 9’ ceilings + loads of living space. Gourmet kitchen is appointed w/ stone countertops, gas cooktop, custom-crafted wood cabinetry, pantry, large sit-up breakfast bar, & heated tile flooring. Adjacent to kitchen is spacious dining & family room w/ second gas fireplace that opens onto expansive rear patio, ideal for gardening or relaxing in the shade. Upstairs features 3 generous bedrooms, including primary suite w/ newly renovated 5-piece ensuite, walk-in closet w/ built-ins & additional full bathroom for guests. Upper level also offers more views of Departure Bay from both primary bedroom & den. Ample storage is available with a step-up crawl space offering extra height, & residents can fully enjoy the private community pier & dock extending out into the bay... perfect for boating, kayaking, jet skiing, swimming, fishing, overnights & more. Last time a home was for sale in this exclusive & well-managed development was over 6 years ago, features a limited number of homes, conveniently located just minutes from shopping, grocery stores, restaurants & outdoor recreation. Contact Sean McLintock PREC* at 250-729-1766 or sean@seanmclintock.com for a comprehensive buyer’s package or to arrange a private showing. Add'l video available (All data/measurements approximate, should be verified if important) (id:65958)

Subtype
Single Family
Architectural style
Westcoast
Structure
Duplex
Community
THE SHORES
Common interest
Condo/Strata
Living area
2,847 square feet
Parking
2 total
Condo/HOA fee
$560 monthly
Fireplace
2
On market
Feb 21, 2026
Status changed
Apr 25, 2026
Annual tax
$8,346.59
Zoning
Multi-Family
Photos
70
MLS#
1026358
Area
NANAIMO

Features and systems

Heating

ElectricNatural gasOther

Cooling

Fully air conditionedAir Conditioned

Lot

Cul-de-sacPrivate settingSouthern exposureOtherMarine OrientedMoorage

Community

Family OrientedPets Allowed

View

Ocean view

Waterfront

Waterfront on ocean
Negative cash flow ~$1,067/mo at these assumptions

Cash on cash

-6.56%

Cap rate

3.55%

GRM

16.7

Break-even rent

$5,998

Financing

Down payment$195,000
Loan amount$780,000
Mortgage$3,952/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$447
Insurance$80
Maintenance$813
CapEx reserve$406
Vacancy loss$244

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 $3,952/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 25, 2026.

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