
2348 Yellow Point Rd
$859,999
Cedar
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About this home
Tired of city living and cramped lots with no privacy? This 5.5-acre Yellow Point property offers a rare opportunity to create your ideal rural lifestyle, with south-facing mountain views. The mostly usable land provides endless potential, including space for a workshop (verify if important). The rancher-style home, originally built in approximately 1948, features 2 bedrooms, a spacious living area, and requires significant updating. A large detached garage/workshop, carport, and under-height basement with exterior access, and ample parking for RVs, boats, or work vehicles add versatility. Enjoy all-day sun exposure, perfect for gardening. Located just one block from Blue Heron Park with kayak access and a short drive to Roberts Memorial Park. Experience the best of Yellow Point living—privacy, nature, and convenience all in one. All information and measurements are approximate and must be verified if important (id:65179)
Property details
From the listing's public record.
Lot size
5.50 acres
Year built
1948
Taxes
$2,332/yr
Zoning
Agricultural
Heating
Lot
Price history
1 recordEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
May 21, 2026
Listed $859,999
Active39 days on marketMLS 1037581
How this listing compares
Based on 72 sales in CedarMedian sold
$892,857
Avg days on market
58 days
Avg sale-to-list
96.7%
Avg $/sqft
$409
Price per square foot
Above area average
Current market in Cedar
Active (same type)
35
Pending
14
All active listings
61
Months of supply
5.8
Balanced market — 5.8 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$837,000
Land
$615,000
Improvements
$222,000
Homes in Nanaimo sell at 103.3% of assessed value on average.
Based on 1116 recent sales.
Local price trend
How Cedar has moved over the last decade.
Local price index (normalized) · 119 months
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Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.