Description
This downtown Nanaimo property offers a rare opportunity for small to mid-scale developers entering the multi-family market. While currently generating rental income as a single-family home, its true value lies in the approved development permit for a fourplex with four three-bedroom units. Each unit features a family-friendly layout, private exterior balcony, and townhouse-style entry. Two units will enjoy limited ocean views. This design balances privacy and community—features today’s buyers value. New three-bedroom builds are scarce in Nanaimo, making this project especially appealing. It meets all required parking and exemplifies “missing middle” housing by delivering practical density without sacrificing livability. With approvals in place and attractive floorplans, this is an excellent build-to-sell or build-to-hold opportunity in a market with high demand and low supply. Measurements Approx. Verify if important.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 996747 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Old City |
| Postal Code | V9R 2N7 |
| Property Taxes | $3,291.00 (2024) |
| Parking Total | 4 |
| Zoning | R15 |
| Facing | South |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Forced Air,Natural Gas |
| Construction | Frame Wood |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | Not Full Height |
| Laundry | In House |
| Listed Date | May 1, 2025 |
| Ownership | Freehold |
| Lot Size | 0.20 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | Measurements not available x 4 ft | |
| Bathroom | Main level | 7 ft x 6 ft | |
| Bedroom | Main level | 15\'10 x 12\'8 | |
| Bedroom | Main level | 12\'6 x 12\'9 | |
| Bedroom | Main level | 12 ft x 12 ft | |
| Entrance | Main level | 12 ft x Measurements not available | |
| Kitchen | Main level | 17\'3 x 13\'7 | |
| Living room | Main level | 17\'3 x 18\'3 |
Building Details
| Heating | Forced air |
| Heating Fuel | Natural gas |
| Stories | -1 |
| Total Finished | 1334 sqft |
Parking
| Type | Spaces |
|---|---|
| Stall |
Additional Information
| View | Ocean view |
| Land Size | 8793 sqft |
| Building Type | House |
| Interior Size | 2668 sqft |
| Transaction | For sale |