Property Description
Investor Alert – Income Property in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential and zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level features charming character with 2-bedroom, 1-bath main living & peek-a-boo ocean views from the back deck. Downstairs there are four bedroom/studio-style rental units, each with its own entrance and 2-piece bath (no kitchens), shared laundry and shower facilities and common room, perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!
Property Details
MLS #:
1017806
ID #:
30108805
Type:
Residential
Sub-Type:
Single Family Detached
Area:
Nanaimo
Sub-Area:
Na Old City
Status:
Active
Lot Size:
0.16 acres
Property Tax:
$4,215 (2025)
Days on Market:
39 days
Room Details
Bedroom
Dimensions: 11\'8 x 11\'1
Entrance
Dimensions: Measurements not available x 7 ft
Kitchen
Dimensions: 12\'3 x 16\'3
Living room
Dimensions: 13\'11 x 15\'11
Office
Dimensions: 11 ft x Measurements not available
Primary Bedroom
Dimensions: 11\'8 x 11\'11
Listing provided by Pemberton Holmes Ltd. (Ldy)
Canadian Mortgage Calculator
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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