Nanaimo
Nanaimo is present on the east coast of Vancouver Island in British Columbia, Canada. This city is best known for its distribution industry, trading, and servicing. This dazzling city is the namesake for might be because of the sunniest dessert square this world has ever produced. Nanaimo is not expensive as compared to other cities in Canada. Families of 04 individuals estimated a monthly cost of 3,137$ without rent. The Nanaimo port has four deep-sea berths and provincial perries at Departure bay, Duke point, and Nanaimo Harbour.
What can new families afford in Nanaimo?
According to Nanaimo Real Estate, the price of single- detached homes in the city has increased in 2021. The number of sales of single-detached homes has also increased to approximately 13.29%. There is an average increase of approximately 6.21% in all the property types with also an increase in sales of 3% for condos and 12 % for the single-detached houses while there are almost 5% decreases in sales of townhomes.
Besides all one can easily afford to buy a house within a range of $4,00,000 to $5,55,000. Houses at cheaper rates are also available in the city. One can get a house with 3 beds and 3 baths with a covering area of 1649 sq ft easily in 1818 white Blossom Way, Nanaimo, BC. These are $525,000. Similarly, 2 beds and 1 bathhouse with a total covering an area of 1947 sq ft are available in 605, Comox Road, Nanaimo, BC. they are comparatively at cheaper rates and have cost $475,000.
What kind of houses can they afford?
Different types of houses in each city are the characteristics of this city which makes it more attractive and with living. Nanaimo has also a variety of differently style house constructions like condos, townhouses, attached houses, detached houses, etc.
In Nanaimo, the owners of single-family houses buy a home structure and land it sits on, while the owner of a condominium is the owner of the unit he lives in and not that of the land or larger building. That’s why one can easily afford both kinds of houses in Nanaimo between the range of $ 4,00K to $5,50K. 2 bed and 2 bath townhouses with prices of $459,000 are available in 1-6595 Groveland Dr. Nanaimo, BC. 2 bed and 2 bath condos with a price of $549,900 are available in 106-566 Stewart avenue.
What neighborhood is the cheapest to live in?
Nanaimo is among the affordable cities in Canada. The city’s neighborhoods are cheap as well as beautiful. Divers Lake, a Nanaimo neighborhood, is a common as well as favorite of families due to its location that is convenient to many things in Nanaimo. This is also near Beban Park which is a sports complex.
Cinar Valley is a beautiful community present between the Chase River and the extension, almost 10 mins to the south of downtown Nanaimo. This area has nice family homes.
