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Legal suite

$899,900

74 Ranchview Dr

Beds

6

Baths

3

Sqft

Year

2005

Location

See the block, not just the house.

Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.

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About this home

This spacious 6-bedroom, 3-bathroom home offers 2,275 sq ft of versatile living space desirable Chase River. The main floor features three bedrooms, including a large primary bedroom with an updated 3-piece ensuite, along with a full 4-piece bathroom. The open-concept living, dining, and kitchen area is filled with natural light and highlighted by vaulted ceilings and an electric fireplace with a stylish tile surround. The well-appointed kitchen and dining area provide direct access to the rear deck and backyard. The lower level of the main house welcomes you with a laundry room offering additional storage, as well as a wet bar and media room. The renovated legal suite includes two bedrooms, a living room, a den or optional third bedroom, a 3-piece bathroom, and a spacious kitchen, providing excellent flexibility for extended family or rental potential. Located in a quiet, family-friendly neighborhood close to shopping, parks, schools, and scenic hiking trails. (id:65958)

Subtype
Single Family
Structure
House
Community
Chase River
Common interest
Freehold
Living area
2,275 square feet
Lot size
7,534 square feet
Lot dimensions
7534
Parking
4 total
Fireplace
1
On market
Mar 10, 2026
Status changed
Apr 16, 2026
Annual tax
$5,838
Zoning
Residential
Photos
47
MLS#
1028364
Area
NANAIMO

Features and systems

Appliances

WasherRefrigeratorDishwasherStoveDryer

Heating

Baseboard heatersElectric

Cooling

None

Lot

Curb & gutterOther
Negative cash flow ~$904/mo at these assumptions

Cash on cash

-6.03%

Cap rate

4.68%

GRM

13.9

Break-even rent

$6,352

Financing

Down payment$179,980
Loan amount$719,920
Mortgage$4,417/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$412
Insurance$80
Maintenance$750
CapEx reserve$375
Vacancy loss$270

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.

Lifestyle 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.

Mortgage estimate

Estimated $4,417/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.

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