Unlock the potential of this over 10,000 sqft level lot in a rapidly evolving Central Nanaimo neighbourhood. Zoned R5 – Three & Four Unit Residential, this property offers incredible flexibility for multi-unit development, including duplexes, secondary suites, and up to four dwellings.
The existing 3-bedroom, 1-bathroom home has plenty of character and could benefit from your personal touch — perfect for renovation or redevelopment. Upstairs, you'll find one of the bedrooms plus a bonus room, offering extra space and flexibility. With the neighbouring lot also for sale, savvy investors and developers have the rare chance to expand their vision.
Located close to amenities, transit, and within an area experiencing exciting revitalization, this is a strategic investment with endless possibilities. Whether you're looking to build, hold, or renovate, this property is a must-see.
Opportunities like this don’t last—contact us today!
Data was last updated April 30, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
81
Avg list price:
$535,000
Min list price:
$199,900
Max list price:
$1,595,000
Avg days on market:
42
Min days on market:
1
Max days on market:
365
Avg price per sq.ft.:
$448.3
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations.
