5560 Oceanview Terr

5560 Oceanview Terr · Nanaimo, North Nanaimo · House · 5 bed · 3 bath · $1,249,999 · MLS 1033290

Nanaimo, British Columbia · Neighbourhood: North Nanaimo
C$1,249,999
For sale
5560 Oceanview Terr

5560 Oceanview Terr is located in Nanaimo (North Nanaimo). Property snapshot: House, 5 bed, 3 bath, listed at $1,249,999, MLS 1033290. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50/100. Lat

List Price: $1,249,999
MLS: 1033290
Bedrooms: 5
Bathrooms: 3
Interior Size: 3,010 sqft
Days on Market: -
Days on Site: 55
Deal Score: 50/100
Price History: Latest recorded list price 1249999.00

Local Decision Guide

How should buyers evaluate 5560 Oceanview Terr?

Start by reading this listing in its Nanaimo North Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 5560 Oceanview Terr?

This page shows a list price of $1,249,999 with MLS 1033290.

What type of home is this Nanaimo, North Nanaimo listing?

The page shows House, 5 bed, 3 bath at 5560 Oceanview Terr. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about - days on market/site. Latest recorded list price 1249999.00.

What does the Deal Score of 50/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Paradise by the Sea - North Nanaimo Living at its Finest! Welcome to one of the most prestigious and highly sought-after neighbourhoods in North Nanaimo. This impressive 3000+ sq ft residence sits on an expansive-15,000 sq ft rectangular corner lot, offering stunning ocean views and exceptional future potential. Thoughtfully maintained, this home features 5 generously sized bedrooms and 3 bathrooms, along with two independent laundry areas-perfect for extended families or added flexibility. The lower level includes a bright 2-bedroom walk-out suite, currently tenanted by a wonderful family, providing a valuable mortgage helper ( with their own Huge Driveway). The interior showcases a main-level entry design enhanced by skylights, filling the home with an abundance of natural light. The spacious living room captures picturesque ocean views and is complemented by portable fireplace, creating a warm and inviting atmosphere. The oak kitchen offers a charming eating nook and a convenient pass-through to the dining room, ideal for both everyday living and entertaining. Step outside to a large OCEAN VIEW deck with stairs leading to the backyard, creating the perfect space for relaxing, entertaining, and enjoying the coastal lifestyle. The cobblestone courtyard entrance adds timeless charm and a welcoming first impression, ideal for summer evenings. Enjoy year-round comfort with central heating and air conditioning. Bonus: Development Potential: Zoned R-5, this prime corner lot offers exciting opportunities for subdivision or multi-unit development, making it an excellent option for both investors and future growth. Freshly painted and move in ready! Please call Harman @ 778-245-0778 (id:56153)

Property Details

House
Building Type
5
Bedrooms
3
Bathrooms
1981
Year Built
45 years
Age
55
Days on Site
15,000 sf
Lot Area
3,010 sqft
Interior Size
C$415
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29650201 (1033290)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$1,249,999

Lot Area: 15,000 sf

PID: 003-412-610

Days on Site: 55 days

Added to BurnabyHouse: 2026-04-23

Updated on: 2026-05-03 05:02 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Quality Foods
About 2.3 km away
101-5800 Turner Road
Thrifty Foods
About 2.4 km away
Shopping Centres
Royal Heights
About 2.2 km away
Longwood Station
About 2.3 km away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Sun, 03 May 2026 04:42:13 PM PDT

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