Prime Central Nanaimo Two-Lot Opportunity to own a .35-acre property featuring a 2,345 sq ft rancher with a partially finished basement and an adjoining R5-zoned development lot in central Nanaimo. The older home offers hardwood floors, a bright living room with tile-surround fireplace and large picture window, adjoining dining room, kitchen with abundant cabinetry, tile flooring and rear deck access, plus three bedrooms and a family bath. The partially finished lower level, with its separate entrance, includes a mudroom, laundry area, rec room, studio or hobby space, additional bedroom and 3-piece bath with suite potential. Mature trees and established landscaping provide privacy, while the adjoining R5 lot offers excellent redevelopment potential for single-family, duplex, or multi-family development of up to 4 units. Close to the hospital, shopping, schools, parks, transit, ferries and downtown. The home is also available separately under MLS® 1043331. Meas. approx.
Features: Central Location, Easy Access, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Serviced, Shopping Nearby
Details
Parcel number: 004310870
Zoning: R5
Zoning description: Residential
Construction
Type & style
Home type: SingleFamily
Property subtype: Single Family Residence
Materials
Frame Wood, Stucco
Foundation: Slab
Roof: Asphalt Shingle
Condition
Resale
New construction: No
Year built: 1959
Utilities & green energy
Water: Municipal
Community & HOA
Location
Region: Nanaimo
Financial & listing details
Price per square foot: C$588/sqft
Tax assessed value: C$966,000
Annual tax amount: C$6,529
Date on market: 7/16/2026
Ownership: Freehold
Road surface type: Paved
Petra Lindenaar Personal Real Estate Corporation
Petra Lindenaar Personal Real Estate Corporation
(250) 240-7355
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