5577 Norton Rd
$499,900
North Nanaimo
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About this home
Prime ocean view lot in desirable North Nanaimo! This rare offering features R5 zoning - an incredible opportunity for builders, investors, or those looking to create a custom project with strong upside. Take in stunning ocean and coastal mountain views while being just minutes from top schools, shopping, parks, and beaches. With services nearby and endless potential, this is your chance to secure a high-demand property in one of Nanaimo’s most sought-after neighbourhoods. Don’t miss out on this exceptional investment opportunity. Data and measurements approx. to be verified if deemed important. (id:65179)
Property details
From the listing's public record.
Lot size
7,272 square feet
Taxes
$3,026/yr
Zoning
Residential
Price history
3 recordsEvery recorded listing event for this property — sales, relists, expired or withdrawn listings.
Apr 1, 2026
Listed $499,900
Active89 days on marketMLS 1030586Mar 13, 2023
Listed $688,000
Cancelled17 days on marketMLS 926318Mar 16, 2022
Listed $688,000
Cancelled36 days on marketMLS 896991
How this listing compares
Based on 39 sales in NanaimoMedian sold
$410,000
Avg days on market
141 days
Avg sale-to-list
96.8%
Avg $/sqft
—
Current market in Nanaimo
Active (same type)
126
Pending
3
All active listings
926
Months of supply
38.8
Buyer's market — 38.8 months of supply at the current sales pace.
Assessment
From publicly available property records.
Assessed value
$461,000
Land
$461,000
Improvements
$0
Homes in Nanaimo sell at 93.6% of assessed value on average.
Based on 33 recent sales.
Recent nearby sales
12 salesLot A-7131 Peterson Rd
$600,000
— · — · — · 2 days on market
Sold Jun 29, 2026 · 104.3% of list
7901 Ridge Rd
$650,000
— · — · — · 50 days on market
Sold May 29, 2026 · 96.3% of list
7120 Ocean Blue Pl
$768,600
— · — · — · 73 days on market
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4854 Dixon Lane
$400,000
— · — · — · 22 days on market
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Lot 1 Fawcett Rd
$360,000
— · — · — · 32 days on market
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2316 Sparrow Lane
$415,000
— · — · — · 302 days on market
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510 Vancouver Ave
$360,000
— · — · — · 75 days on market
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5356 Dewar Rd
$599,000
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Sold Apr 27, 2026 · 100% of list
3104 Elsie Lake Cir
$260,000
— · — · — · 57 days on market
Sold Apr 16, 2026 · 93.2% of list
2300 Sparrow Lane
$395,000
— · — · — · 456 days on market
Sold Apr 8, 2026 · 98.8% of list
4848 Dixon Lane
$420,000
— · — · — · 238 days on market
Sold Apr 2, 2026 · 96.6% of list
2131 Henderson Lake Way
$239,000
— · — · — · 86 days on market
Sold Mar 27, 2026 · 100% of list
Interested in this home?
Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.
Listed by REMAX Professionals (NA)