Discover 308 Harwood Rd, a smart investment or development in Nanaimo’s vibrant corridor. This property offers a 3-bedroom, 1-bathroom main residence plus a separate 2-bedroom, 1-bathroom legal suite—ideal for mortgage support through rental income. Situated on a rare lot with multiple road frontages and zoned COR1 (Residential Corridor), the development potential is enormous. The COR1 designation allows small-scale multi-family or mixed-use projects, making this a canvas for future redevelopment or continued income generation, tenants in both units help cover costs, while you plan your redevelopment project. Location is prime: a short walk to Vancouver Island University, plus nearby shopping, parks and transit. Whether you’re an investor eyeing growth or a homeowner seeking extra revenue and future flexibility, this versatile Nanaimo property has it all. Embrace the opportunity of multi-use zoning, supportive income, and unbeatable location.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1964
(Age: 61)
Living Area:
1,950 sq. ft.181 m2
Listing General Location:
Na South Nanaimo, Nanaimo
Bedrooms:
5
Bathrooms:
2.0
(Full:-/Half:-)
Lot Size:
6,534 sq. ft.607 m2
Kitchens:
2
Building Features:
Transit Nearby
Construction:
Frame Wood, Insulation All, Stucco
New Construction:
No
Basement:
Finished, Full, Walk-Out Access
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Total Building Area:
1,950 sq. ft.181 m2
Total Unfinished Area:
0 sq. ft.0 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:
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:
975 sq. ft.90.6 m2
Living Area Main Floor:
975 sq. ft.90.6 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:
1
Fireplace Details:
Wood Burning
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Additional Accommodations:
None
Cooling:
None
Heating:
Baseboard, Electric, Forced Air
Fireplace:
Yes
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
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:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Exposure / Faces:
Southeast
Layout:
Main Level Entry with Lower Level(s)
Lot Site Features:
Central Location, Cul-De-Sac, Easy Access, Recreation Nearby, Shopping Nearby
Data was last updated May 31, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
118
Avg list price:
$649,900
Min list price:
$195,000
Max list price:
$21,000,000
Avg days on market:
46
Min days on market:
1
Max days on market:
426
Avg price per sq.ft.:
$408.37
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.