150 Rainbow Cres, Nanaimo

Perched in popular Long Lake Heights, this beautifully renovated West Coast-style home offers breathtaking lake and mountain views from nearly every room. Designed to impress, it features three levels of south-facing decks—perfect for morning coffee or hosting guests while taking in the stunning outlook over Long Lake and Mt. Benson. The main living area is truly striking, with vaulted ceilings, dark hardwood floors, and a feature fireplace that creates warmth and ambiance. The space flows seamlessly into a bright, updated kitchen with white cabinetry, beautiful stone countertops, new appliances, pantry, and an eating nook. Just off the entry, a separate dining room is ideally positioned adjacent to the living area, offering a more formal space for entertaining. A spacious flex room with its own exterior access, wine room and sauna complete this level. At the top of the curved staircase, the private primary suite feels like a luxury hotel retreat, with a soaker tub overlooking the view, a separate shower room, and its own private deck with incredible lake views. The lower level includes two additional bedrooms with access to a full bath and yet another deck, plus a self-contained 1-bedroom in-law suite with its own deck and separate laundry, ideal for guests or extended stays. Outside, the low-maintenance yard means you can spend more time enjoying the views and less time on upkeep, no weekends lost to yard work. Visitor parking is conveniently located right across the street for added ease when hosting. Additional highlights include a brand new roof, heat pump and air purification system, level driveway, double garage, and a massive workshop and storage area below. Quietly tucked away yet centrally located, this unique home offers easy access to shopping, parks, ferry terminals, and downtown amenities. A rare opportunity to own a distinctive property in one of Nanaimo’s most popular neighbourhoods. All measurements are approximate. Verify if important. (id:1945)

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Property details for 150 Rainbow Cres, Nanaimo

Type: Residential
Style: Westcoast
Bedrooms: 4
Bathrooms: 4
Living Area: 3,055 square feet
Lot Size: 5774
Parking: Attached Garage, Garage, Open, Visitor Parking
Heating: Heat Pump, Baseboard heaters, Forced air, Electric
Cooling: Air Conditioned
Ownership: Condo/Strata
Annual Taxes: $7,772
Condo Fee: $185 / Monthly

Nearby Listings Stat
Estimated price and comparable properties near 150 Rainbow Cres

Active Listings

Min Price

$799,000

Max Price

$1,349,000

Avg Price

$970,214

Days on Market

days

Sold Listings

Min Sold Price

$824,900

Max Sold Price

$1,049,900

Avg Sold Price

$945,440

Days until Sold

days

Neighbourhood Census Data

Nanaimo, British Columbia / Colombie-Britannique

Population

897

Median Age

Median Income

$34,901

Dwelling Value

$333,755

Housing Tenure

Owners 82%

Renters 18%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 2

Pop. Density: 1,815.8/km²

Avg Shelter Cost: $1,316/mo

Owners with Mortgage: 62.7%

Owners Spending 30%+: 21.6%

Tenants Spending 30%+: 0%

English only: 93.2%

English and French: 5.4%

Neither: 0.7%

Median Household Income: $62,592

Median Employment Income: $27,904

Price History

Listed

September 1, 2026

by Royal LePage Nanaimo Realty (NanIsHwyN)

Current Price

$1,065,000

-3.1% from last change

Type

Residential

For Sale

Price Changes

Date	Price	Change
Current	$1,065,000	$34,000 (-3.1%)
Oct 2, 2026	$1,099,000	$900 (-0.1%)
Sep 1, 2026	$1,099,900	$50,000 (-4.3%)
Jun 11, 2026	$1,149,900	$24,100 (-2.1%)
May 26, 2026	$1,174,000	$21,000 (-1.8%)
May 13, 2026	$1,195,000	Listed