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Legal suite

$1,099,900

4567 Sheridan Ridge Rd

Save this home

Beds

5

Baths

3

Sqft

Year

2006

Type

Single Family

Suite

Legal suite

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

Panoramic Ocean Views • Legal Suite • Theatre Room Welcome to this beautifully maintained home in the heart of North Nanaimo — offering breathtaking 180° ocean views. Located in a sought-after neighbourhood, this residence combines luxury living with incredible functionality. Featuring 5 bedrooms, including a 1-bedroom legal suite with its own laundry,3 bathrooms, including a 5-piece ensuite off the primary. Spacious open-concept main level up with 4-sided gas fireplace,Gorgeous hardwood floors and rich wood kitchen cabinetry.Custom home theatre with HD projector/speaker system. Enjoy spectacular views of Vancouver on one side & incredible sunsets over the Winchelsea Islands on the other. Whether you’re relaxing in the great room or on the primary bedroom’s private deck, the scenery is always front and center. The private back yard is meticulously landscaped with a soothing pond and an abundance of flowers. All data and measurements are approximate and must be verified if important. (id:65958)

Subtype
Single Family
Structure
House
Community
North Nanaimo
Common interest
Freehold
Living area
2,643 square feet
Lot size
8,826 square feet
Lot dimensions
8826
Parking
4 total
Fireplace
1
On market
Apr 22, 2026
Status changed
Apr 26, 2026
Annual tax
$7,083
Zoning
Residential
Photos
47
MLS#
1032958
Area
NANAIMO

Features and systems

Heating

Baseboard heatersForced airElectricNatural gas

Cooling

None

Lot

Other

View

Ocean view
Negative cash flow ~$147/mo at these assumptions

Cash on cash

-0.80%

Cap rate

4.70%

GRM

13.9

Break-even rent

$6,755

Financing

Down payment$219,980
Loan amount$879,920
Mortgage$4,458/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$504
Insurance$80
Maintenance$917
CapEx reserve$458
Vacancy loss$330

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 $4,458/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 26, 2026.

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