Residentiae.
For Sale · Vancouver Island

502 158 Promenade Dr

Vancouver Island · V9R6M7

$965,000

2Bedrooms
2Bathrooms
2Parking
1,709Sq Ft

About this residence

Experience luxury living in this stunning 2 bed, 2 bath 5th floor penthouse condo in the prestigious Gabriola building at Cameron Island, nestled in the heart of downtown Nanaimo. Spanning over 1,700 sq ft of refined interior space, this home offers views of the ocean, city, & mountains through floor-to-ceiling windows & from the expansive 1,000 sq ft private patio. Inside, enjoy rich hardwood & tile flooring, granite countertops, & sleek, newer cabinetry that blends functionality with elegance. The open-concept layout seamlessly connects the living, dining, & kitchen areas, creating a bright & inviting atmosphere. The spacious primary suite features a luxurious ensuite & a walk in closet dressing space. Also features in floor heating in kitchen and ensuite bathroom, Island smart irrigation system on patio, granite counters in kitchen, bathrooms and dry bar. The home is cooled and heated with a newer HVAC system and a feature gas fireplace ''gas included with strata fee'' as well as electric baseboard heaters in each room. With 2 underground parking spaces & large storage room, as well as separate bike and kayak storage. With unbeatable walkability to the waterfront, shopping, restaurants & entertainment this exclusive penthouse offers the best of west coast living. 1 Dog or Cat friendly (Max 25 lbs). All data is approximate and to be verified. (id:61366)

Property details

Property type
Single Family
Style
Apartment
Ownership
Condo/Strata
Bedrooms
2
Bathrooms
2
Living area
1,709 sq ft
Parking
2 spaces
Fireplace
1
Year built
1994
Annual tax
$6,364
MLS®
1009414
Board
Vancouver Island
Status
Inactive
Listed
Aug 7, 2025
Updated
Nov 15, 2025

Room dimensions

RoomLevelDimensions
PatioMain level21'1 x 40'5
BathroomMain level6'4 x 7'10
BedroomMain level11'4 x 16'10
EntranceMain level7'3 x 14'11
KitchenMain level10'1 x 11'5
Dining roomMain level10'9 x 22'5
Living roomMain level14'10 x 21'8
Eating areaMain level9'4 x 10'4
Primary BedroomMain level13'9 x 18'10
EnsuiteMain level8' x 14'

Features & finishes

Heating

  • Baseboard heaters
  • Heat Pump
  • Electric
  • Natural gas

Cooling

  • Fully air conditioned

Parking

  • Underground

Lot

  • Central location
  • Southern exposure
  • Other
  • Marine Oriented

Views

  • City view
  • Mountain view
  • Ocean view

Financing

Mortgage calculator

Estimated monthly payment

$4,513/mo

Amortization

Loan amount

$772,000

Down payment

$193,000

Estimate only. Rates and terms vary by lender and qualification.

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Location & area

Vancouver Island

About the area

Census · V9R
31,992
Population
41
Median age
$67,500
Median income
$548,000
Median home value
60%
Home ownership
21 min
Avg. commute

Age distribution

0–14
14%
15–24
11%
25–44
28%
45–64
25%
65+
21%

Tenure

60% owners40% renters

Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.

Powered by Neighbourly.io
Good to know

Frequently asked questions

What is the asking price for 502 158 Promenade Dr?

502 158 Promenade Dr is listed for $965,000, in Vancouver Island.

How many bedrooms and bathrooms does 502 158 Promenade Dr have?

It offers 2 bedrooms and 2 bathrooms.

What type of home is 502 158 Promenade Dr?

502 158 Promenade Dr is a Single Family, Apartment, built in 1994.

How large is 502 158 Promenade Dr?

The home offers approximately 1,709 sq ft of living space.

What would the monthly mortgage payment be?

With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $4,513. Use the mortgage calculator above to model your own scenario.

What are the annual property taxes?

Property taxes are approximately $6,364 per year.

Is there parking?

Yes — 502 158 Promenade Dr includes 2 parking spaces.

What is the Vancouver Island area like?

Vancouver Island has a population of about 31,992, a median age of 41, a 60% home-ownership rate, with an average commute of about 21 minutes.

What is the average home value in Vancouver Island?

The median dwelling value in this area is approximately $548,000, based on census data via Neighbourly.

What is the median household income in Vancouver Island?

The median household income in this area is approximately $67,500.

Private viewings

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