Property Description

Investor opportunity in Nanaimo’s historic Chinatown neighbourhood offering strong current rental income and long-term redevelopment potential. The property generates $3,600/month with month-to-month tenants who wish to remain.

The generous 9,300 sq. ft. lot and R8 zoning provides substantial future potential, while the character home offers immediate rental appeal. Features include original hardwood floors, coved ceilings, abundant natural light, a bright kitchen with southern Mt. Benson views, spacious living areas, an oversized primary bedroom, and a well-finished 3-bedroom lower suite.

Enjoy a private south-facing deck and fenced backyard, plus recent updates including a newer roof, windows, and furnace. Conveniently located near shopping, schools, and transportation.

Strong income today. Significant land and redevelopment potential for tomorrow.

Measurements are approximate; buyer to verify.

Property Details

  • Property ID:32444934
  • Price:$599,000
  • Property Type:Residential
  • Bedrooms:5
  • Bathrooms:2
  • Lot Size:9321.00 sq ft
  • Living Area:2093.00 sq ft
  • Year Built:1955
  • Parking:2 spaces
  • Status:Active
  • City:Nanaimo
  • State/Province:BC
  • Postal Code:V9R 2C7
  • Listing Agent:Ian Jivraj
  • Office:Real Broker

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