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South Nanaimo Homes For Salesouth nanaimo homes for sale

South Nanaimo has it all – shops, ocean and mountain views, new homes, character homes and Vancouver Island University. Whether you’re a first time home buyer or a seasoned investor, you’ll see why South Nanaimo homes for sale are so sought after. Homes in the south end of town are reasonably priced and have seen one of the highest increases in home values over the past decade. From condos to mature properties to never-been-lived-in residences, South Nanaimo has a property for every type of buyer.

About South Nanaimo Real Estate

South Nanaimo real estate is situated in the charming and relaxed southern end of town. Homes for sale in South Nanaimo are beautifully designed, many with spacious lots. From cozy ranchers to multilevel single-family homes, these residences are unapologetically elegant. Newer homes offer gourmet kitchens, large pantries, stainless steel appliances, and granite countertops.

You will also find historical homes dating back to the city’s coal mining days. These properties are classically appealing and feature original hardwood floors, oversized yards and expansive porches. Older homes for sale in South Nanaimo have been impeccably maintained and many of them have been refurbished.

South Nanaimo Highlights

If you’re looking to be close to the bustling downtown, you should consider South Nanaimo homes. These properties are perfectly established near the Old City Quarter, which is home to the town’s nightlife scene, boutiques, and charming restaurants. Additionally, residents of this part of town are only minutes to the southern part of town’s shopping centre – Port Place Mall. This shopping mall has everything you need, from a grocery store to a pharmacy to restaurants to your favourite coffee shop. With all of these nearby amenities, you won’t have to travel far.

South Nanaimo Listings

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505 7th St
Na South Nanaimo Nanaimo V9R 1E9

$799,000
Commercial Sale

Main Photo: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 1: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 2: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 3: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 4: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 5: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 6: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 7: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 8: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 9: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Photo 10: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
916484
Financing options maybe available - Amazing opportunity to own a turn key investment property in University District. Walking distance to ammenities, school, park, shopping, university and easy access to anywhere on the island with minutes to Highway, Float planes, Ferries. According to Future land use designation from city this is a Corridor. Such properties can be used for multifamily, mix use, commercial depending on approval from the City of Nanaimo. Student housing can also be a very lucrative opportunity for the right investor. Currently rented on per room basis for $2900/month with the house manager in place. Sharply Priced for land value only. House is AS-IS-WHERE-IS! All measurements from BC assessment are approximate but and must be verified by Buyers agent if fundamental to the purchase! Also listed under RES MLS# 916530
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na South Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
8,694.06 sq. ft.
Taxes:
Ceiling Heights:
Total Building Area:
2,602 sq. ft.
Commercial Area:
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
R1
Units in Building:
Units in Community:
Parking Features:
On Site
Total Units:
Date Listed:
Oct 07, 2022
Original Price:
799000.0
  • Photo 1: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
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  • Photo 10: 505 7th St in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 916484
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Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated May 30, 2023 at 10:05 AM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$799,900
Min list price:
$85,000
Max list price:
$12,900,000
Avg days on market:
176
Min days on market:
36
Max days on market:
235
These statistics are generated based on the current listing's property type and located in Na South Nanaimo. Average values are derived using median calculations.
DEANA BAUMEL PREC
MICHAEL PETERSON PREC
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.