Description
Renovated 5-Plex + Separate Legal Lot in Prime Old City Nanaimo. Rare opportunity to own a renovated 5-plex with a separately titled legal lot in Nanaimo’s sought-after Old City Area. Extensively updated since 2006, this income-producing property blends historic character with modern upgrades, making it a true turnkey investment. The building features five self-contained units, each with separate meters, laundry and hot water tanks, upgraded electrical, and strong rental appeal. Investors will appreciate the multiple income streams and long-term stability in this prime central location. The additional legal lot (prelim building plans available), zoned R14, offers exceptional flexibility-hold for future development, expand, or explore creative redevelopment options. Properties offering this level of income, condition, and upside potential rarely come to market.
An outstanding opportunity to secure a high-performing asset with future growth potential.
Property Details
| Property Type | Residential |
| Property Sub Type | Quadruplex |
| Listing ID | 1025617 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Old City |
| Postal Code | V9R 2J8 |
| Property Taxes | $8,308.00 (2024) |
| Garage Spaces | 3 |
| Parking Total | 4 |
| Facing | West |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Baseboard |
| Fireplaces | 2 |
| Fireplace Type | Living Room |
| Exterior Features | Low Maintenance Yard |
| Construction | Frame Wood |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | Partially Finished,Walk-Out Access,With Windows |
| Laundry | In Unit |
| Listed Date | Feb 10, 2026 |
| Ownership | Freehold |
| Lot Size | 0.22 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bathroom | Main level | 4-Piece | |
| Bedroom | Main level | 11\'9 x 10\'4 | |
| Bedroom | Main level | 12 ft x Measurements not available | |
| Dining room | Main level | 11\'6 x 10\'9 | |
| Dining room | Main level | 11\'8 x 10\'9 | |
| Family room | Main level | 11\'11 x 10\'7 | |
| Family room | Main level | 11\'11 x 10\'7 | |
| Kitchen | Main level | 13\'9 x 10\'4 | |
| Kitchen | Main level | 13\'9 x 10\'6 | |
| Laundry room | Main level | 3\'11 x 3\'2 | |
| Laundry room | Main level | 3\'11 x 3\'2 | |
| Living room | Main level | 12\'10 x 11\'5 | |
| Living room | Main level | 12\'10 x 11\'11 | |
| Primary Bedroom | Main level | 13\'2 x 11\'7 | |
| Primary Bedroom | Main level | 13\'4 x 11\'7 |
Building Details
| Architectural Style | Character |
| Heating | Baseboard heaters |
| Stories | -1 |
| Total Finished | 5061 sqft |
Additional Information
| View | Mountain view |
| Land Size | 9405 sqft |
| Building Type | Fourplex |
| Interior Size | 6593 sqft |
| Transaction | For sale |