For Sale25d on market

50 Magnolia Dr

Parksville, BC, V9P2P5 • V9P • Nanaimo Regional District

$689,000

$483/sqft

Down payment assistance available

3Beds

2Baths

1,426Sqft

0.17 acLot

1994Built

Property DNA

2 highlights

1 Fireplace

Gas

1-Car Garage

Attached · Garage · RV Access/Parking

This home is in high demand

Listed 25 days ago · 54 views · 3 saves · Top 3% likely to sell soon

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Market activity

Demand and pricing signals for this listing

54 views

People checking out this listing

3 saves

Buyers have saved this home

25 days on market

Recently listed

$483/sqft

Price per square foot

Selling Soon Prediction

Very High

This home ranks in the top 3% of listings most likely to go under contract soon, based on market activity and demand signals.

Likelihood score

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About this home

Single Family · Built 1994

Opportunity knocks in Parksville's beloved Springwood neighbourhood — one of the most established and family-friendly pockets in town, known for its quiet streets, mature trees, and easy walkability to Springwood Park and local schools. This 3 bed, 2 bath rancher offers easy single-level living with a cozy gas fireplace in the living room, a primary bedroom with ensuite, attached garage, and a fully fenced backyard — great bones ready for your personal touch. Priced $58,000 below assessed value, this is the best value rancher in Parksville right now and a rare chance to build equity through your own updates. Whether you're a first-time buyer, downsizer, or savvy investor, the opportunity here is undeniable.

Standout features identified

Our analysis highlights quiet streets, mature trees, and easy single-level living as key attractions of this home.

Estimated monthly payment

Based on current rates

$4,494/month

Principal & Interest$3,575

Property Tax$689

Insurance$230

Down payment20% ($137,800)

3%50%

Est. 6.75% rate · 30yr fixed · $551,200 loan

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At a glance

Key facts and listing details

TypeSingle Family Residence

Year Built1994

HeatingBaseboard, Electric, Natural Gas

CoolingNone

Parking1 Attached Garage space

Lot7,405 sqft

Days on Zillow25 Days

Price/sqftC$483

Property

Home typeSingle Family

Sub-typeSingle Family Residence

ConditionResale

Year built1994

Systems

HeatingBaseboard, Electric, Natural Gas

CoolingNone

RoofAsphalt Shingle

ConstructionInsulation: Ceiling, Insulation: Walls, Vinyl Siding

Water / SewerMunicipal

Parking & Outdoor

ParkingAttached, Garage, RV Access/Parking

Garage1 spaces

BasementNone,Basement Slab

Fireplaces1

FencingPartial

Lot7,405 sqft

Location & Tax

NeighborhoodV9P

ZoningRS1

Annual tax$4,180

Parcel018113214

Features & details

13 categories of property features

Interior Features

Interior

Central Vacuum

Appliances

Dishwasher

F/S/W/D

Flooring

Carpet

Linoleum

Heating

Baseboard

Electric

Natural Gas

Cooling

None

Laundry

Inside

Fireplace

Gas

Windows

Vinyl Frames

Exterior Features

Parking

Attached

Garage

RV Access/Parking

Construction

Insulation: Ceiling

Insulation: Walls

Vinyl Siding

Lot Features

Landscaped

Level

Community

Sidewalks

Utilities

Sewer Connected

Room details

1 room detailed

Kitchen

Main

Listing insights

Market data and value estimates

StatusFor Sale

Days on market25

Est. rent$2,885/mo

Price/sqft$483

On marketMar 12, 2026

PostedMar 12, 2026

MLS updatedMar 24, 2026

Tour days6

Favorites3

Location

Parksville, BC, V9P2P5

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Price history

2 events

DateEventPrice$/sqftSource

Mar 24, 2026Price Change$689,000$483VIVA

Mar 12, 2026Listed For Sale$725,000$508VIVA

Price Change$689,000

Mar 24, 2026•$483/sqft•VIVA

Listed For Sale$725,000

Mar 12, 2026•$508/sqft•VIVA