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Legal suite

$1,110,000

5364 Laguna Way

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Beds

Baths

Sqft

—

Year

2009

Type

Single Family

Suite

Legal suite

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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

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
Structure: House
Community: North Nanaimo
Common interest: Freehold
Living area: 2,692 square feet
Lot size: 5,132 square feet
Lot dimensions: 5132
Parking: 4 total
Fireplace: 1
On market: Apr 3, 2026
Status changed: Apr 16, 2026
Annual tax: $7,593
Zoning: Residential
Photos: 48
MLS#: 1030863
Area: NANAIMO

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryerOven - Built-In

Heating

Forced airElectric

Cooling

None

Lot

Central locationOther

View

Ocean view

Negative cash flow ~$158/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)Default 4.5% — adjust to your rate holdAmortization (years)

Cash on cash

-0.85%

Cap rate

4.69%

GRM

13.9

Break-even rent

$6,816

Financing

Down payment$222,000

Loan amount$888,000

Mortgage$4,499/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: 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 $4,499/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 16, 2026.