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.
115 days
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50
|
4
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Zillow last checked:
Listing updated:
Listed by:
Michael Guan Personal Real Estate Corporation,
Sutton Group-West Coast Realty (Nan),
Michael Mckillican Personal Real Estate Corporation,
Sutton Group-West Coast Realty (Nan)
Source: VIVA,MLS®#: 1032382
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 2
Main level bathrooms: 1
Main level bedrooms: 2
Kitchen
Level: Main
Heating
Forced Air, Natural Gas
Cooling
None
Appliances
Included: Dryer, Refrigerator, Washer
Laundry: Inside
Features
Basement: Partially Finished,Walk-Out Access,With Windows
Has fireplace: No
Fireplace features: Wood Burning
Interior area
Total structure area: 2,511
Total interior livable area: 1,592 sqft
Property
Parking
Total spaces: 4
Parking features: Driveway, RV Access/Parking, Other
Has uncovered spaces: Yes
Features
Entry location: Main Level
Fencing: Partial
Lot
Size: 0.25 Acres
Details
Parcel number: 010400443
Zoning: R5
Zoning description: Residential
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Materials
Stucco & Siding, Wood Siding
Foundation: Concrete Perimeter
Roof: Asphalt Shingle
Condition
Resale
New construction: No
Year built: 1948
Utilities & green energy
Water: Municipal
Utilities for property: Cable Connected, Compost, Electricity Connected, Recycling
Community & HOA
Location
Region: Nanaimo
Financial & listing details
Price per square foot: C$408/sqft
Tax assessed value: C$627,000
Annual tax amount: C$4,215
Date on market: 4/16/2026
Ownership: Freehold
Electric utility on property: Yes
M
Michael Guan Personal Real Estate Corporation
(250) 756-2112
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