Property Description

This high potential piece of property offers a rare opportunity for investors, builders, and forward-looking buyers in a central Nanaimo location. Set on a 10,838.96 sq ft lot, this property is zoned R5 – Three and Four Unit Residential, making it an attractive option for those considering future multi-unit redevelopment, land assembly, or a strategic hold with upside. The existing home provides approximately 952 sq ft on the main floor, 640 sq ft on the second floor, plus an unfinished 919 sq ft basement, offering flexibility for renovation, rental income, or interim occupancy while planning next steps. The large parcel, strong exposure, and convenient access to amenities, transit, and major routes add to the long-term appeal. Land size is taken from BC Assessment and house measurements are approximate; buyers should verify all information if important.

Property Details

  • Property ID:31052010
  • Price:$649,000
  • Property Type:Residential
  • Bedrooms:4
  • Bathrooms:2
  • Lot Size:10839.00 sq ft
  • Living Area:1592.00 sq ft
  • Year Built:1948
  • Parking:4 spaces
  • Status:Active
  • City:Nanaimo
  • State/Province:BC
  • Postal Code:V9S 3B1
  • Listing Agent:Michael Guan
  • Office:Sutton Group-West Coast Realty (Nan)

Condition

  • 3 Bedrooms
  • 2 Bathroom
  • 1 Garage
  • 1 Balcony
  • 4800 sq ft
  • TV

Features

  • Air conditioning
  • Wifi
  • Swimming Pool
  • Double Bed
  • Balcony
  • Telephone
  • Garage
  • Parking
  • TV
  • Home Theater
  • Alarm
  • Garage
  • Gym
  • Electric Range
  • Private space

Floor Plans

Size Rooms Bathrooms
1600 3 2
floor-plans

Property Vedio

Property Location