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6062 Clarence Way
Beds
5
Baths
3
Sqft
3,385
Year
1998
Type
Single Family
On market
50d
Immaculate Level Entry/Walk out Lower-level home. Located in one of North Nanaimo’s most ideal neighbourhoods, this large 3385 sqft home offers 5 bedrooms + Den along with suite potential. The lower level is highlighted by the theater room, wet bar kitchen, games area, custom built in shelving, 2 large bedrooms and direct access onto the low maintenance rear yard. On the Upper Level; enjoy ocean views from the remodeled kitchen which includes granite counter tops, Custom Cabinetry, 2 way gas fireplace w/ rock accents, 3 bedrooms including large 15x12 primary bdrm, walk in closet & 3 piece ensuite bathroom. The upper family room offers access onto the balcony w/ stairs leading to the rear yard. Additional features include heat pump, full irrigation system & over sized 20x23 double car garage. This extremely well cared for home is situated on a no thru street with a 5 minute walk to McGirr elementary school and less than 10 minute walk to Dover Bay high school & play fields. The quintessential neighbourhood! All measurements are approx. & should be verified if important. (id:65958)
Lower level
| Room | Dimensions | Features |
|---|---|---|
| Storage | 14'1 x 7'8 | |
| Bathroom | 10'8 x 5'11 | |
| Games room | 12'8 x 30'7 | |
| Media | 14'4 x 31'2 | |
| Bedroom | 10'8 x 10'10 | |
| Bedroom | 14'2 x 11'6 |
Main level
| Room | Dimensions | Features |
|---|---|---|
| Laundry room | 10'3 x 5'5 | |
| Bathroom | 10'9 x 4'11 | |
| Bedroom | 10'10 x 9'2 | |
| Bedroom | 13'7 x 10'2 | |
| Ensuite | 6'4 x 7'11 | |
| Primary Bedroom | 12'2 | |
| Family room | 14'2 | |
| Kitchen | 14'2 | |
| Dining room | 14 × 10 feet | |
| Living room | 17'8 |
10-item due-diligence checklist. We can pre-flight most of these for you on a CMA call.
Comparable sales
Ask for 3–5 recent solds within ~1 km and the same beds/baths so the list price has context.
Property condition
Roof age, furnace age, hot-water tank age, electrical panel size, windows. Cosmetic vs structural.
Zoning
Confirm zoning matches your intent (single-family vs duplex vs secondary suite vs commercial).
Suite legality / potential
If suited or being marketed as suited: confirm permits, separate entrance, ceiling height, egress windows.
Monthly carrying cost
Mortgage + property tax + insurance + condo fee (if any) + utilities. Compare to your max budget.
Property taxes
Confirm the annual tax amount on the current assessment — and whether a reassessment is pending.
Insurance estimate
Get a same-day quote. Older homes, knob-and-tube wiring, polybutylene plumbing, flood plains all change the number.
Commute
Drive it (or transit it) at the actual time of day you'd commute. Map ETA lies during peak hours.
Deposit and financing conditions
Deposit size, financing condition window, condition removal date, possession date — all negotiable.
Inspection considerations
Budget for a home inspector ($500–700) and any specialty inspections (sewer scope, mould, asbestos for pre-1990 builds).
Cash on cash
-0.80%
Cap rate
4.70%
GRM
13.9
Break-even rent
$6,755
Financing
Operating expenses (monthly)
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Approximation 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.
Rough ballpark only. Pick a down-payment option, then tap any underlined number below to plug in your real numbers — tax, condo fee, insurance, utilities. Total updates live. Confirm with a mortgage broker before writing an offer.
Cost lines (tax, condo, insurance, utilities) are editable inline above. These two control the mortgage payment math.
Approximation only. CMHC default insurance is included when down payment is under 20%. Property tax and condo fees come from MLS when listed and may not reflect the current billing year. Suite rental income depends on permits, market rent, and vacancy — confirm with a property manager. Always validate your scenario with a mortgage broker and your insurance provider before writing an offer.
We'll reply by text within a few hours. Comparable sales, condition flags, things worth checking — sent before you book a showing.
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated May 12, 2026.
Buyer-fit signals
Derived from listing data and nearby-amenity proximity. Verify anything that matters to your decision — distances are approximate.
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.