DETACHED HOMES $500-$700K
880 Hecate St
Nanaimo
V9R 4K6
$614,000
Residential
beds: 3
baths: 3.0
3,183 sq. ft.
built: 1955
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 996776
- Bedrooms:
- 3
- Bathrooms:
- 3
- Year Built:
- 1955
- Photos (7)
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Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1955 (Age: 70)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 3,183 sq. ft.
- Listing General Location:
- Na Old City, Nanaimo
- Bedrooms:
- 3
- Bathrooms:
- 3.0 (Full:-/Half:-)
- Lot Size:
- 9,405 sq. ft.
- Kitchens:
- 2
- Taxes:
- Signup
- Construction:
- Frame Wood, Insulation: Ceiling, Insulation: Walls, Wood
- New Construction:
- No
- Basement:
- None
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Roof:
- Asphalt Shingle
- Ceiling Heights:
- Signup
- Floor finish:
- Laminate, Linoleum
- Total Building Area:
- 3,183 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 3
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 2
- # Second Level Bathrooms:
- 1
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 1
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 2,023 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 1,160 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In House, In Unit
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard
- Fireplace:
- No
- Pending Date:
- Signup
- Dryer, Range Hood, Refrigerator, Washer
- Blinds, Window Coverings
- Fencing: Partial
- City
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Signup
- Zoning:
- R15
- Accessibility:
- Accessible Entrance
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 1
- Number of 3 piece baths:
- 1
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Resale
- Utilities:
- Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Available, Phone Connected, Recycling
- Exposure / Faces:
- Southeast
- Layout:
- Main Level Entry with Upper Level(s)
- Lot Site Features:
- Level
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Open
- Total Parking Spaces:
- 10
- Road Surface Type:
- Paved
- Total Units:
- Signup
- Date Listed:
- May 01, 2025
- Original Price:
- 799000.0
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Listed by RE/MAX of Nanaimo
Data was last updated September 23, 2025 at 10:05 PM (UTC)
Area Statistics
- Listings on market:
- 71
- Avg list price:
- $550,000
- Min list price:
- $249,900
- Max list price:
- $1,190,000
- Avg days on market:
- 67
- Min days on market:
- 4
- Max days on market:
- 287
- Avg price per sq.ft.:
- $513.48
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- DEANA BAUMEL PREC
- RE/MAX PROFESSIONALS
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX PROFESSIONALS
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca