Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1972
(Age: 53)
Living Area:
2,600 sq. ft.242 m2
Listing General Location:
Na North Nanaimo, Nanaimo
Bedrooms:
5
Bathrooms:
3.0
(Full:-/Half:-)
Lot Size:
1.7 acre(s)0.69 hectare(s)
Kitchens:
1
Construction:
Wood
New Construction:
No
Basement:
Full, Walk-Out Access, With Windows
Foundation:
Slab
Roof:
Shake
Floor finish:
Mixed
Total Building Area:
2,890 sq. ft.268 m2
Total Unfinished Area:
290 sq. ft.26.9 m2
# Bedrooms or Dens Total:
5
# Main Level Bedrooms:
3
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
1,090 sq. ft.101 m2
Living Area Main Floor:
1,510 sq. ft.140 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
2
Fireplace Details:
Family Room, Living Room, Wood Burning
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Additional Accommodations:
Potential
Cooling:
None
Heating:
Hot Water, Oil
Fireplace:
Yes
F/S/W/D
Dining Room, Eating Area, Storage, Workshop
Aluminum Frames
Balcony/Deck
Ground Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
R10
Accessibility:
Accessible Entrance
Legal Non-Conformance:
No
Bed and Breakfast:
None
Number of 2 piece baths:
0
Number of 3 piece baths:
1
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
1
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Vacant
Property Condition:
Resale
Utilities:
Natural Gas Available
Exposure / Faces:
North
Layout:
Ground Level Entry With Main Up
Lot Site Features:
Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Serviced
Data was last updated November 14, 2025 at 10:05 AM (UTC)
Area Statistics
Listings on market:
184
Avg list price:
$916,950
Min list price:
$285,000
Max list price:
$21,000,000
Avg days on market:
65
Min days on market:
1
Max days on market:
517
Avg price per sq.ft.:
$422.72
These statistics are generated based on the current listing's property type
and located in
Na North Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.