Positioned on a generous 6,765 sq.ft. corner lot w/ rear lane access, this property offers immediate rental appeal & strong future development potential in central Nanaimo. Zoned R5, this property is an excellent hold, renovate, rent, or redevelopment opportunity for small builders, investors, and land-focused buyers looking for upside. The existing 1,357 sq.ft. home features 3 bdrms, 1 bthm, a functional single-level layout, spacious living rm, defined dining area, laundry room, and practical kitchen w/ newer appliances. Recent updates include newer appliances and toilet, while the home retains solid original character with bright interior spaces, laminate flooring, and a large usable yard. The detached shed, corner exposure, and back alley access add flexibility for future planning. Located near schools, and everyday amenities, this is a strategic property in a growing area. All measurements are approximate, to verify if important.
Data was last updated May 10, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
111
Avg list price:
$590,000
Min list price:
$189,900
Max list price:
$2,380,000
Avg days on market:
52
Min days on market:
2
Max days on market:
454
Avg price per sq.ft.:
$395.35
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.