The Comox Valley… we love to call it home
561 Fourth St
Nanaimo
V9R 1T9
$599,900
Residential
beds: 3
baths: 2.0
1,556 sq. ft.
built: 1955
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1020080
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 1955
- Photos (25)
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Attention investors, developers, and savvy buyers! This 3 bedroom, 2 bathroom fixer-upper is packed with potential in one of the most desirable locations in Nanaimo, just a short walk from the university, shops, and local amenities. Zoned for detached duplexes or a 4-plex, this property offers flexible redevelopment options with an active building permit and demolition permit already in place, saving you time and money. The existing home has solid bones and could be transformed into a great income-producing rental property with some renovation and creativity while you wait for the perfect time to build. Whether you’re looking to build new, expand your rental portfolio, or flip for profit, this property checks all the boxes: prime location, flexible zoning, and major permits ready to go. Opportunities like this are rare — don’t miss your chance to capitalize on this property that is priced below assessed value!
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1955 (Age: 70)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 1,556 sq. ft.
- Listing General Location:
- Na University District, Nanaimo
- Bedrooms:
- 3
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 8,712 sq. ft.
- Kitchens:
- 1
- Taxes:
- Signup
- Building Features:
- Basement, Transit Nearby
- Construction:
- Frame Wood
- New Construction:
- No
- Basement:
- Crawl Space, Partially Finished
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Floor finish:
- Mixed
- Total Building Area:
- 1,852 sq. ft.
- Total Unfinished Area:
- 296 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 3
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 1
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # 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:
- 472 sq. ft.
- Living Area Main Floor:
- 1,084 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Gas
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer To Lot
- Cooling:
- None
- Heating:
- Natural Gas
- Fireplace:
- Yes
- Pending Date:
- Signup
- F/S/W/D
- Balcony/Deck, Fencing: Partial
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 1
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Contact List Licensee, Fixer, Resale
- Utilities:
- Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Recycling
- Exposure / Faces:
- See Remarks
- Layout:
- Main Level Entry with Lower Level(s)
- Lot Site Features:
- Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport, On Street, RV Access/Parking
- Total Parking Spaces:
- 3
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- Nov 10, 2025
- Original Price:
- 599900.0
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Listed by 460 Realty Inc. (NA)
Data was last updated November 11, 2025 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 44
- Avg list price:
- $734,450
- Min list price:
- $299,000
- Max list price:
- $2,969,000
- Avg days on market:
- 58
- Min days on market:
- 1
- Max days on market:
- 294
- Avg price per sq.ft.:
- $387.72
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- CINDY ARMSTRONG
- EXP REALTY
- 1 (250) 2182622
- Contact by Email
Location
203- 335 Wesley Street
Nanaimo, BC, V9R 2T5