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New Listings in Five Acres, Nanaimo

New Listings in Five Acres, Nanaimo

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Five Acres Market

Use our home price trends to better gauge local market conditions and plan your next move. The graphs below show benchmark or average prices of homes sold in the area. Data generated by MLS® Systems and the MLS® Home Price Index (HPI) — Canada’s most advanced tool to gauge local home price levels and trends.
Year over year
Past 10 years
Market Price (CAD)
$695,500
Difference over last year (%)
-1.0
Ask a REALTOR® for more detailed market information.

Five Acres

Five Acres is a neighbourhood within Nanaimo, British Columbia, which is located in the Greater Nanaimo metropolitan area.

Transportation

Five Acres is very car friendly. It is easy to park, and it is a rather short drive to the closest highway, such as nanaimo parkway, from anywhere in Five Acres. In contrast, public transit riders may find few choices in this neighbourhood by reason of the low service level. Thankfully, homeowners have access to around 10 bus lines, and bus stops are ordinarily very close by. It is occasionally challenging for pedestrians to navigate Five Acres as many daily needs are at times challenging to carry out without a car. On the other hand, commuting by bicycle is easy in this part of the city as the cycling network is reasonably well-developed.

Services

It is straightforward to access the nearest grocery store on foot from any location in Five Acres. Furthermore, those who like to eat in restaurants will have a fair number of choices, and house buyers benefit from a few cafes as well. Regarding education, daycares and schools are very easy to get to on foot from anywhere in Five Acres.

Character

The character of Five Acres is exemplified by its slower-paced ambience. There are over 50 public green spaces close by for residents to discover, like Harewood Centennial Park (Sherry Fields) and Lotus Pinnatus Park, which makes them very easy to get to. This part of the city is very quiet overall, as the streets are very peaceful.

Housing

In Five Acres, around 45% of dwellings are single detached homes, while duplexes make up most of the remaining housing stock. This neighbourhood is primarily composed of two bedroom and three bedroom homes. Homeowners occupy around 60% of the units in Five Acres and the rest are rented. The homes in this neighbourhood are relatively new, because roughly one third of its dwellings were constructed following the year 2000, while many of the remaining buildings were constructed pre-1960 and in the 1960s.

Summary

Five Acres, located in the heart of Nanaimo, British Columbia, offers convenient access to nearby highways and shopping amenities. This neighborhood boasts a quiet and peaceful environment, perfect for those who appreciate green spaces and a relaxed atmosphere. With a variety of housing options, including single detached homes and duplexes, Five Acres provides choices for every homebuyer. For families, the proximity of daycares and primary schools within walking distance is a major plus. Additionally, the abundance of nearby parks, including Colliery Dam Park and Harewood Centennial Park, means endless opportunities for outdoor recreation and enjoyment.