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Alex Burns

alex@victoriahomes.com +1(250) 882-3335

Listed by Kelly Whitton Real Broker

$ 699,000

Est. payment | -/mo

3 Beds

2 Baths

1,334 SqFt

Save

$ 699,000

Est. payment | -/mo

Save

3 Beds

2 Baths

1,334 SqFt

Key Details

Property Type Single Family Home

Sub Type Single Family Residence

Listing Status Active

Purchase Type For Sale

Square Footage 1,334 sqft

Price per Sqft $523

MLS Listing ID 1036561

Style Main Level Entry with Lower Level(s)

Bedrooms 3

Three Quarter Bath 2

HOA Y/N No

Year Built 1910

Annual Tax Amount $3,291

Tax Year 2025

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Single Family Residence

Property 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.

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Zoning R15

Rooms

Kitchen 1

Interior

Heating Forced Air, Natural Gas

Cooling None

Flooring Mixed

Fireplace No

Laundry In House

Exterior

Parking Features Driveway

Garage Spaces 4.0

View Y/N Yes

View Ocean

Roof Type Asphalt Shingle

Total Parking Spaces 4

Garage No

Building

Foundation Concrete Perimeter

Sewer Sewer Connected

Water Municipal

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Ownership Freehold

Special Listing Condition Resale

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Nearby School & Business

+1(250) 882-3335

alex@victoriahomes.com

3440 Douglas St, # 202, Victoria, Canada

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532 Prideaux St Nanaimo, BC V9R 2N7