611 First St in Nanaimo: Na University District Single Family Residence for sale : MLS®# 1044831

**Rare Double-Lot Investment Opportunity w/ Ocean Views under $600,000! & income producing house+ additional accommodation!** Exceptional opportunity in Nanaimo's University District. **two separately titled lots** w/ convenient laneway access, offering immediate rental income & outstanding future potential. Main level features 2 bedrms, 1 bathrm, an open living & dining area, + ocean, city & harbour views from the deck. Lower level offers a self-contained 1-bedrm, 1-bath accommodation, ideal as mortgage helper / investment property. Whether you're an investor or first-time buyer, this property combines affordability w/ redevelopment potential. Two titled lots may offer future single-family or duplex development opportunities, subject to zoning & municipal approvals. Conveniently located minutes from VIU, shopping, restaurants, the waterfront, BC Ferries & floatplane service. Rare opportunity offering exceptional value & long-term upside.(Buyer to verify all information if important)

General Info:

Property Type:: Residential

Type:: Single Family Residence

Year built:: 1948 (Age: 78)

Close Price Lease Total:: Signup

Existing Lease Expiry:: Signup

Living Area:: 1,633 sq. ft.152 m2

Listing General Location:: Na University District, Nanaimo

Bedrooms:: 3

Bathrooms:: 2.0 (Full:-/Half:-)

Lot Size:: 7,440 sq. ft.691 m2

Kitchens:: 2

Home Style:: Character

Taxes:: Signup

Additional Info:

Construction:: Frame Wood, Stucco

New Construction:: No

Basement:: Finished

Foundation:: Concrete Perimeter

Roof:: Asphalt Shingle

Ceiling Heights:: Signup

Floor finish:: Mixed

Total Building Area:: 1,633 sq. ft.152 m2

Total Unfinished Area:: 0 sq. ft.0 m2

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:: 1

# Other Level Kitchens:: 0

Living Area Lower Floor:: 743 sq. ft.69 m2

Living Area Main Floor:: 890 sq. ft.82.7 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:: 0

Laundry Features:: Common Area

Water supply:: Municipal

Sewer:: Sewer Connected

Additional Accommodations:: Exists

Cooling:: None

Heating:: Baseboard

Fireplace:: No

Warranty:: No

More Info Available:

Pending Date:: Signup

Exterior Features:

Balcony/Deck, Fencing: Partial

View:

Mountain(s), Ocean

Entry Location:

Main Level

Minimum Age:

Room Information:

Floor
Type
Size
Other

Main Floor

Lower Level

Bathrooms:

Floor
Ensuite
Pieces
Other

Main Floor

Lower Level

Financial Info:

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

Legal Info:

Jurisdiction name:: City of Nanaimo

Legal Description:: Signup

Other Details:

Units in Building:: Signup

Units in Community:: Signup

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:: 0

Number of 3 piece Ensuites:: 0

Number of 4 piece Ensuites:: 0

Property Condition:: Resale

Land Info:

Exposure / Faces:: Southeast

Layout:: Main Level Entry with Lower Level(s)

Lot Site Features:: Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Southern Exposure