Priced $225K below assessed value, this 5-bed, 5-bath home in Stephenson Point offers 5,272 sqft of living space across three levels on a south-facing 13,778 sqft lot. The entry-level has soaring ceilings, exposed beams and expansive windows that fill this floor with natural light and offer sweeping views of Departure Bay, Newcastle Island, and the inner harbour. Ideal for large or multi-generational families—or the savvy investor—the lower level can easily be converted into a 2-bed suite. All bedrooms are oversized with high ceilings and large windows, while the primary suite features ocean views, cozy fireplace, private deck and spa-like ensuite. Additional highlights include a Navien on-demand hot water system, new metal roof, A/C, cedar sauna, and an exterior spiral staircase connecting all levels to the backyard. This remarkable home blends comfort, space and coastal charm—perfect for the family that’s been seeking that one of a kind house that will instantly feel like home.
Address
3279 Shearwater Dr
List Price
$1,548,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
West Coast
Area
Nanaimo
Sub-Area
Na Hammond Bay
Bedrooms
5
Bathrooms
5
Floor Area
5,274 Sq. Ft.
Lot Size
13778 Sq. Ft.
Lot Size (Acres)
0.32 Ac.
Year Built
1993
MLS® Number
996517
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area
Finished
Postal Code
V9T 6A1
Tax Amount
$11,375.00
Tax Year
2024
Features
Bar, Central Vacuum, Dishwasher, Dryer, Forced Air, Hardwood, Jetted Tub, Oven/Range Gas, Radiant Floor, Range Hood, Refrigerator, Sauna, Tile, Washer, Wine Storage
Amenities
Balcony/Deck, Balcony/Patio, Fenced, Playground, Quiet Area, Southern Exposure