A rare chance to invest in a prime corner lot piece of real estate! Perfectly situated with convenient access to major routes, everyday essentials, Departure Bay Ferry Terminal, Nanaimo Regional General Hospital and many more centrally located businesses. This property presents an excellent opportunity for first time home buyers and developers. Recently rezoned to R5, the potential for a 4-plex build may exist - buyers are encouraged to verify all options independently. Whether you're envisioning a multi-unit build, a custom luxury home with an income generating suite, or a larger-scale project, this property opens the door to a range of exciting possibilities.More details
Located in Nanaimo’s Old City, this 3-bedroom, 1-bathroom character home offers an affordable opportunity to enter the market and add your own updates and finishing touches over time. Inside features include original wood floors, classic trim work, high ceilings, & a spacious living room filled with natural light. The kitchen offers open shelving, island space, & a functional layout, while all three bedrooms are located on the main floor. The unfinished basement includes the washer & dryer w/laundry sink, has walkout access, & is perfect for storage. The home does require updating, making it ideal for anyone looking to build equity. Updates include a newer roof, vinyl windows, fencing, a heat pump, a gas furnace, a newer hot water tank, & 200 amp service. The fenced yard includes a cherry tree, private deck, and lane access to the detached garage/workshop w/power. Data & measurements are approximate & must be verified if important.More details
Affordable Opportunity with Redevelopment Potential – COR1 Zoning. This two-bedroom, one-bath home on Nicol Street offers a unique opportunity for the right buyer. The property is well-suited for future redevelopment or land assembly, making it a solid holding investment. The home itself could benefit from some TLC and presents a great chance for a first-time buyer or handy investor to build sweat equity. Access is by easement via the neighboring lot from the alley. The property includes two outbuildings — one approximately 8x12, and another that’s in rougher condition but may be salvageable. This is a great fit for someone with vision who isn’t afraid of a of work. Priced accordingly to reflect the current condition and future potential.More details