Houses for Sale in Chase River, BC
Search all Chase River houses for sale and real estate listings below. Chase River is a semi-rural neighbourhood in Nanaimo, BC. The Chase River neighbourhood is located inland at the very south end of the Nanaimo Harbour and is also near the estuary of the Nanaimo River. While Chase River is on the outskirts of Nanaimo, residents are only a 10 to 15-minute drive to shopping and amenities.
Some of the most intriguing real estate options in the Chase River neighbourhood come in large character homes; some built a century ago or more. Newer mid-century homes are also common and offer spacious living for families. Small acreages are also found in Chase River, many of which have detached workshops and gardens. To request up-to-date information about properties for sale in Chase River, or to arrange a private showing, contact your Nanaimo real estate experts today!
Newest Chase River Real Estate Listings
Real Estate in Chase River
In 2022, 125 single-family homes were sold in Chase River. According to the statistics provided by the Vancouver Island Real Estate Board (VIREB), the average list price for these homes was $889,750, while the average sale price amounted to $916,200. On average, Chase River single-family homes sold at 103% of their listed price. The average days on the market for homes in Chase River was 21 days.
In the area of Chase River near the waterfront along Haliburton Street, older homes offer great value in part due to their historic charm and the proximity they offer to Downtown Nanaimo. Chase River’s heritage homes are often situated on large lots and offer excellent potential to real estate investors with renovation plans or handyman skills.
Of course, not every real estate investor is in the market for a home that needs work done. In Chase River, you’ll also find options in terms of charming mid-century homes that have already undergone extensive renovations, making them move-in ready for families. Spacious two-story homes with three or more bedrooms in Chase River also offer great potential as income-producing rental properties, particularly given the demand for student housing that accompanies the neighbourhood’s proximity to Vancouver Island University. In the area of Chase River near the Nanaimo Harbour, many homes offer the added benefit of ocean views of the Strait of Georgia and the many nearby islands and mountains.
Real estate investors with ambitious plans will find ample opportunities in vacant land with approved permits in place for condo development. These properties often have landscaping and civil plans already drawn up and are ready for real estate developers who can bring their plans to the table in an up-and-coming Nanaimo neighbourhood.
Real estate investors who are first looking to enter Nanaimo’s real estate market—in addition to those looking to downsize—will find some of the most affordable real estate anywhere in the Nanaimo area in Chase River. There are affordable, recently-built mobile homes near the Chase River Estuary Park. These properties offer the ability to own a piece of Nanaimo real estate at accessible price points.
The most southern portion of Chase River is the Cinnabar Valley, which is more rural than areas to the north, offering country-style homes on large lots. In Cinnabar Valley, you’ll find old farmhouse-style properties and well-maintained postwar houses, in addition to newly built townhomes. Homes in Cinnabar Valley are often perched on slopes, offering beautiful views of the valley below.
About Chase River, Nanaimo, BC
In the southern area of the city of Nanaimo—sharing borders with the neighbourhoods of Cedar and Extension—you’ll find the quiet, mostly-rural community of Chase River. Chase River was named after the eponymous river that winds through the neighbourhood. Up until the 1950s, this neighbourhood was referred to simply as “Chase.” To this day, some Nanaimo locals refer to the Chase River area more generally as “South Nanaimo.”
Chase River is an attractive part of Nanaimo because it’s a large, growing neighbourhood with plenty of options for affordable older homes and new developments, with plans for new developments continuously emerging. Chase River is conveniently situated where the Trans-Canada Highway passes through the city, making a breeze's trips up and down Vancouver Island. The Nanaimo Parkway also passes through Chase River, opening further transportation options to nearby neighbourhoods and communities. By car, it’s only five minutes to Downtown Nanaimo from Chase River, and the Departure Bay Terminal is only five minutes further.
Chase River offers an alluring blend of quiet, family-friendly subdivisions with convenient amenities, including mini-malls, restaurants, supermarkets, and more. Forested areas surround the neighbourhood, offering plenty of exciting options for outdoor enthusiasts, and the community has three elementary schools. Chase River is worth looking at for real estate investors seeking an affordable and desirable neighborhood.
Things to Do in Chase River
To the south of Chase River is the neighbourhood of Extension, and in the area between these two neighbourhoods, you’ll find the Extension Ridge Trail. On this beautiful wooded 9 km loop trail, you can feel lost in the wilderness without wandering far from the city. Bikers, hikers, walkers, and joggers alike frequent the Extension Ridge Trail, and the trail is dog friendly, making it a popular spot for Chase River residents looking to get their four-legged friend some exercise. Elevated portions of the trail offer incredible views of the ocean, Gabriola Island, Galiano Island, and Mount Benson. Another popular feature of the trail is “the Abyss”—a crack in the earth that is truly deep and impressive to see.
Chase River is also within proximity to one of the top attractions Nanaimo has to offer—Nanaimo River. Nanaimo River is a beloved local spot—a deep, winding river with clean green water that’s the perfect temperature for a summer swim. There are any number of great swimming holes along the river, and while locals may or may not freely share their favourite spots, finding your own can be part of the fun. Riding on an inner tube down the river’s slower sections is a popular pastime but should only be attempted by experienced tubers, as river conditions can change and become challenging.
Nanaimo River is a spectacular summer destination, but a great option when the colder months roll around is to head to Chase River Estuary Park. Chase River Estuary Park is a terrific destination for birdwatching. It features quaint boardwalks, areas to rest, and informative signage where you can learn more about the diverse local habitat.