5948 WALDBANK ROAD
Vancouver Island · V9V1C8
$1,698,000
About this residence
Rare waterfront home nestled on a1.58-acre gated lot in one of North Nanaimo’s most sought-after neighborhoods. Offering stunning high-bank ocean views, this private, park-like setting combines the serenity of nature with the convenience of city living just minutes from top schools, shopping, and amenities. This beautifully updated chalet-style home offers breathtaking views of the ocean & mountains from all three levels. The main level opens onto a large deck, while the lower level extends to a spacious covered patio—perfect for entertaining or relaxing year-round. new fashion kitchen, modern lighting fixtures, and a high-efficiency heat pump for year-round comfort. A custom-built oceanview gazebo takes luxury to the next level with a deluxe hot tub, sauna & generous seating area—an ideal place to unwind & take in the views. Several outbuildings provide ample storage & covered parking. This unique property offers the ultimate blend of natural beauty, privacy & upscale comfort. (id:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 4
- Bathrooms
- 3
- Living area
- 2,478 sq ft
- Lot size
- 1.58
- Parking
- 2 spaces
- Fireplace
- 2
- Year built
- 1971
- Annual tax
- $11,027
- MLS®
- 1022762
- Board
- Vancouver Island
- Status
- Inactive
- Listed
- Jan 8, 2026
- Updated
- Mar 18, 2026
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Lower level | 5'5 x 8'10 |
| Bathroom | Lower level | 4-Piece |
| Recreation room | Lower level | 14'1 x 16'0 |
| Entrance | Lower level | 11'9 x 11'11 |
| Kitchen | Lower level | 8'5 x 8'10 |
| Bedroom | Second level | 9'4 x 19'1 |
| Primary Bedroom | Second level | 11'5 x 13'11 |
| Living room | Main level | 14'3 x 20'9 |
| Kitchen | Main level | 18'6 x 7'7 |
| Ensuite | Second level | 5-Piece |
| Dining room | Main level | 8'7 x 11'1 |
| Bedroom | Main level | 10'6 x 11'11 |
| Bedroom | Main level | 10'5 x 11'11 |
| Bathroom | Main level | 3-Piece |
Features & finishes
Appliances
- Hot Tub
Heating
- Heat Pump
- Electric
Cooling
- Air Conditioned
Parking
- Other
Lot
- Private setting
- Wooded area
- Other
Views
- Ocean view
Architecture
- Westcoast
Financing
Estimated monthly payment
$7,941/mo
Loan amount
$1,358,400
Down payment
$339,600
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V9V- 11,300
- Population
- 52
- Median age
- $90,000
- Median income
- $750,000
- Median home value
- 79%
- Home ownership
- 20 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 5948 WALDBANK ROAD?
5948 WALDBANK ROAD is listed for $1,698,000, in Vancouver Island.
How many bedrooms and bathrooms does 5948 WALDBANK ROAD have?
It offers 4 bedrooms and 3 bathrooms.
What type of home is 5948 WALDBANK ROAD?
5948 WALDBANK ROAD is a Single Family, House, built in 1971.
How large is 5948 WALDBANK ROAD?
The home offers approximately 2,478 sq ft of living space on a lot measuring 1.58.
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 $7,941. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $11,027 per year.
Is there parking?
Yes — 5948 WALDBANK ROAD includes 2 parking spaces.
What is the Vancouver Island area like?
Vancouver Island has a population of about 11,300, a median age of 52, a 79% home-ownership rate, with an average commute of about 20 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $750,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $90,000.
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