Below, I've listed all current properties for sale where the house was built in 2017 or later. (Some will not show if the listing agents did not list the year of construction.) I've also included information about new construction in Nanaimo, under the listings below.
Got questions about any properties below? Call me, or send me an email.
Single Family
5221 Norton Road, Nanaimo, BC
MLS® #463131
Brand New Hammond Bay Home With Spectacular Views Of The Winchelsea Islands. Built In 2018, This Brand New 3 Bed, 3 Bath Home Feels Airy And Grand And Includes Many Extras Including Laundry On Both Levels, Large Family Room, Master W/ 4 Piece Ensuite & Walk...
Single Family
351 Cordan Street, Nanaimo, BC
MLS® #463119
Quality Built Home, Perfect For Family Or Down-sizers Looking For A Home W/a Mortgage Helper. This Beautiful 1.5 Year Old Build Is Beaming W/pride Of Construction Throughout. Features All The Primary Living Space On The Upper Floor W/bonus Den Down, In Addi...
Single Family
3777 Marjorie Way, Nanaimo, BC
MLS® #463078
Newly Built Executive Home With A Legal 2-bed Suite Situated On A Low Maintenance 0.13-acre Lot In A Desirable North Jingle Pot Neighbourhood Close To All Amenities. The Functional Floor Plan Offers 3,120 Sqft, 6 Beds, & 4 Baths With 10' Ceilings In The Liv...
Single Family
501 Waterwood Place, Nanaimo, BC
MLS® #463076
501 Waterwood Place, In One Of North Nanaimo's Newest Subdivisions. This 4 Bedroom, 3 Bathroom Corner Lot Home Was Built With An Excellent & Practical Layout In Mind. Entering The Home You Will See The Bright Open Living Room & Kitchen. The Kitchen Features...
Single Family
3887 Gulfview Drive, Nanaimo, BC
MLS® #462947
Enjoy Ocean Views From All Over The House Spans From Winchelsea Islands & Across Georgia Strait To The Coastal Mountains From This Modern Style Home. Overlooking Morningside Estate At Neck Point, Piper Lagoon Park, Shack Island, Sunshine Coast And Vancouver...
Single Family
3020 Gregson Road, Nanaimo, BC
MLS® #463053
Here Is An Amazing Opportunity To Purchase A New Home On Acreage In Nanaimo's Beautiful North Jinglepot Area. The Property Is Located In The Benson Meadows Area In A New Development Called Jameson Quarry Estates, Conveniently Located 5 Minutes From Mountain...
Single Family
Clayburn Place, Nanaimo, BC
MLS® #463041
Westcoast Contemporary Residence With A Legal Suite - North Nanaimo Here Is A Wonderful Opportunity To Own This 1-yr. Old Custom Home In A Prime Location In North Nanaimo. The Tastefully Designed Home Offers Ocean Views From The Rear And Is A Short Walk To ...
Single Family
3793 Marjorie Way, Nanaimo, BC
MLS® #463028
This 1 Year Old Home (no Gst) Is Nestled In A Quiet North Jingle Pot Neighbourhood And Offers 3087 Sq Ft Of Living Space. Take Notice Of The Special Features Of This Home That Include The Wood Soffit Entrance With Custom Solid Fir Door And Glass Accent, Whi...
Half Duplex
5616 Big Bear Ridge, Nanaimo, BC
MLS® #463025
Great Opportunity For A New Home With Double Garage Near Shopping And Schools In North Nanaimo. This New Rancher (half Duplex) Is Ready For Its First Owner. With A Fantastic Great Room Featuring Vaulted Ceilings, Gas Fireplace, Private Rear Deck And A Large...
Single Family
133 Kian Place, Nanaimo, BC
MLS® #462999
Quality Built Brand New Level Entry Home W/walkout Basement, Plus Separate Legal 2 Bed Suite & Space For A Large Rv. Perfectly Situated To Enjoy Loads Of Natural Sunlight & South Facing Warmth W/unobstructed Views Of Mt. Benson. The 2,950sqft Home Includes ...
Single Family
913 Park Ave, Nanaimo, BC
MLS® #462859
Quick Possession Available! This Is A Great Opportunity To Get Into A 2672 Sq. Ft. Main Level Entry Home With Its Two Bedroom Suite In The Lower, Walk-out Basement At Park And Eighth. Features Include Three Bedrooms On The Main Level, Quartz Countertops In ...
Single Family
1330 Blue Heron Crescent, Nanaimo, BC
MLS® #462847
Remarks To Follow All Data And Measurements Are Approximate And Must Be Verified If Fundamental.
There's a common misconception that newly-built homes are lacking in character. A buyer with a taste for pre-1950s craftsmanship would traditionally avoid new developments. But that's changing. Many new projects in Nanaimo are being built with high attention to curb appeal and interior finishes.
With historically low levels of inventory vs. demand in the current market, it's a great climate for numerous developers - and they are hammering out as many new subdivisions and condo buildings as possible. The result is that a lot of different kinds of building are available - but never for very long. Buyers must be decisive in this market or a building/development will suddenly be sold out, with nothing similar on the horizon!
For "used" homes, there is a provincial property transfer tax (PTT) of several thousand dollars. But for newly built homes, the BC government offers a full exemption to the property transfer tax (only for homes purchased at less than $750,000). For a $500,000 home, this exemption is worth $8,000 to the buyer.
While it's nice to avoid the property transfer tax, new homes are subject to a HIGHER tax rate because GST is payable - at 5%. This works out to much more than the PTT ($25,000 on a $500,000 home).
There's a "New Housing Rebate" that returns up to 36% of the GST - if you purchased from a builder and use the home as your primary residence, and if the purchase price was $450k or less.
Government regulations demand that developers must purchase third-party home warranty insurance to provide to the buyer along with the home. Naturally, this is one reason why new-construction properties cost more than older homes. Here is the minimum level of coverage that the home warranty insurance is required to provide:
VIREB IDX Reciprocity listings are displayed in accordance with VIREB's broker reciprocity Agreement and are copyright © the Vancouver Island Real Estate Board. The above information is from sources deemed reliable but it should not be relied upon without independent verification.