Property Attributes
- ID#1049129
- TypeSingle Family
- Listing Status Active
- MunicipalityNanaimo
- CityNanaimo
- AreaNanaimo
- NeighbourhoodCentral Nanaimo
- Postal CodeV9S 2M4
- Style
- Year Built1959
- Price$ 1,099,900
- Bedrooms4
- Bathrooms2
- Half Bathrooms0
- Sqr Footage1957
Data Source:
Canadian Real Estate Association (CREA)
Property Description
CENTRAL NANAIMO INVESTMENT & DEVELOPMENT OPPORTUNITY! A rare two-lot offering with a combined total of approximately .35 acres, featuring a spacious 2,345 sq ft home with partially finished lower level plus an adjoining R5-zoned development lot. Whether your strategy is to renovate, hold, generate future income, or explore redevelopment, this unique package offers exceptional flexibility and long-term potential in a highly convenient central Nanaimo location. Set among mature trees and established landscaping, the existing home enjoys a private backyard setting. Natural light fills the main level, featuring hardwood floors, a welcoming living room with tile-surround fireplace and large picture window, adjoining dining room and kitchen with abundant cabinetry, tile flooring and access to the rear deck. A spacious primary bedroom, two additional bedrooms and family bath complete this level. The partially finished lower level adds another dimension to the investment potential. With its own separate entrance, it includes a mudroom, laundry area, recreation room, studio/hobby space, additional bedroom and 3-piece bath. With no kitchen currently installed, the layout offers potential to explore a secondary suite, additional living space, or other improvements. The adjoining R5-zoned lot significantly expands the possibilities, with zoning allowing residential development of up to 4 units. Renovate and enjoy the existing home, explore income potential, hold for the future, or consider a broader redevelopment strategy across this appealing two-lot package. Ideally located minutes from Nanaimo Regional General Hospital, Nanaimo Golf Club, schools, shopping, parks, transit, Departure Bay Ferry, Harbour Air, and Nanaimo's downtown waterfront. The home is also available separately under MLS® 1049126. Measurements are approximate and should be verified if important. (id:7434)
General Features
| Features | Central location, Level lot, Other, Marine Oriented |
|---|---|
| Property Type | Single Family |
| Zoning Description | R5 |
| ZoningType | Residential |
| Neighbourhood | Central Nanaimo |
| Building Appliances | Dishwasher, Dryer, Range - Electric, Refrigerator, Washer |
| Building Cooling Type | None |
| Parking Space Total | 2 |
| Building Type | House |
| Ownership Type | Freehold |
Interior Features
| Building Fireplace Present | True |
|---|---|
| Building Fireplace Total | 1 |
| Building Heating Type | Forced air |
| Building Heating Fuel | Electric |
| Living Area Range | 1957 |
| Bedrooms | 4 |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bathroom | 5-Piece | Main level | ||
| Bedroom | 11'5 x 9'11 | Main level | ||
| Dining room | 8'9 x 7'10 | Main level | ||
| Kitchen | 13'4 x 11'7 | Main level | ||
| Living room | 15'4 x 15'3 | Main level | ||
| Other | 13'3 x 11'4 | Lower level | ||
| Primary Bedroom | 12'11 x 11'7 | Main level | ||
| Recreation room | Measurements not available x 1 | Lower level | 13 ft | |
| Studio | 13'6 x 12'9 | Lower level |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No Strata Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in V9S 2M4
In The Neighbourhood
Nanaimo
$ 835,000
- Type
- Single Family
- Size
- 2,052 SqFt
- Rooms
- 6 Beds + 3 Baths
Nanaimo
$ 549,900
- Type
- Single Family
- Size
- 981 SqFt
- Rooms
- 3 Beds + 1 Baths
Nanaimo
$ 869,900
- Type
- Single Family
- Size
- 2,985 SqFt
- Rooms
- 5 Beds + 4 Baths
Nanaimo
$ 875,000
- Type
- Single Family
- Size
- 1,890 SqFt
- Rooms
- 4 Beds + 3 Baths
Nanaimo
$ 599,900
- Type
- Single Family
- Size
- 1,957 SqFt
- Rooms
- 4 Beds + 2 Baths
Nanaimo
$ 735,000
- Type
- Single Family
- Size
- 1,805 SqFt
- Rooms
- 4 Beds + 2 Baths
Nanaimo
$ 749,900
- Type
- Single Family
- Size
- 1,447 SqFt
- Rooms
- 3 Beds + 1 Baths
Nanaimo
$ 699,500
- Type
- Single Family
- Size
- 2,275 SqFt
- Rooms
- 6 Beds + 2 Baths
Nanaimo
$ 599,900
- Type
- Single Family
- Size
- 1,177 SqFt
- Rooms
- 2 Beds + 1 Baths