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555 Milton St in Nanaimo: Na Old City Multi Family for sale : MLS®# 981582
Seize this rare opportunity to acquire over half an acre of prime multifamily-zoned property in the thriving city of Nanaimo. As Vancouver Island continues to attract significant migration, demand for quality housing has never been higher. This property is perfectly positioned to capitalize on the influx of residents seeking the island’s unmatched lifestyle.
Fully serviced and boasting zoning conducive to multifamily development, this lot offers a seamless path to building. With utilities already in place and straightforward city processes, it’s ready to bring your vision to life—whether townhomes, apartments, or a mixed-use project (subject to city approval).
Located in a strategic neighborhood close to amenities, schools, and transit, this site ensures future residents will enjoy both convenience and community. With the ease of building and high demand in Nanaimo’s hot rental market, this property is a smart investment for developers and investors alike.
Also under MLS981578More details
Discover this timeless 3 bed, 2 bath character home in the heart of the city. Built in 1912 and thoughtfully restored, it blends historic appeal with modern updates including plumbing, electrical, perimeter drains, appliances, windows, and more! Zoned R14, this 1,442 sqft rancher sits on a quiet no-thru road with rare parking for 4-5 vehicles, RV, or boat. Set back from the street with laneway access, the home feels private & quiet. Inside, 8’10” ceilings and classic wainscotting create a bright, elegant feel. The layout includes a primary bedroom with private ensuite + features like a heat pump, wood stove, 2024 HW tank, and covered deck with Mt Benson views add comfort and peace of mind. The basement offers a workshop, generous storage, and potential for future ideas- all easily accessed from the main level. The yard is low maintenance with fruit trees and a new fence and gate. Walkable to VIU, downtown, & Harewood. A rare opportunity in a vibrant central neighbourhood! Msmnts approxMore details
Welcome to a charming 3-bedroom, 2-bathroom character home nestled in one of Nanaimo's most connected neighbourhood's. This spacious residence features a large kitchen ideal for culinary endeavors and hosting friends, while the open living room, highlighted by a heritage-style bay window, invites in natural light. Step outside to enjoy a covered wraparound porch. The double lot offers a securely enclosed yard, beautifully maintained gardens, a sunny back deck, & off-street parking for three vehicles. The primary bdrm, along with two additional bdrms, provides comfort & functionality for families or guests. Located just an eight-minute walk from downtown and the Old City Quarter, you'll have quick access to shops, transit, parks, and more—Superette Foods and a downtown bus station are just steps away. This home blends convenience, outdoor space, and classic charm.More details
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.More details
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.More details
Prime development opportunity in waterfront downtown Nanaimo! This 11,394 sq.ft. lot, zoned DT-5, allows for high-density, multi-storey residential with compatible commercial uses. Enjoy stunning ocean views and picturesque vistas of Maffeo Sutton Park, with direct access to parks and the seawall, steps from vibrant downtown amenities. The seller has completed a survey and provides a detailed proposal for a 6-storey, 21-unit condominium with underground parking, designed to maximize ocean views and integrate with the urban landscape (for buyer’s reference only). Priced to sell, this is a rare chance for developers to create a landmark project in Nanaimo’s coveted waterfront downtown area. Price plus GST.More details
Prime development opportunity in waterfront downtown Nanaimo! This 11,394 sq ft lot zoned DT-5 allows for high - density multi story residential with compatible commercial uses. Enjoy stunning ocean views and picturesque vistas of Maffeo Sutton Park, with direct access to parks and the seawall, steps from vibrant downtown amenities. The seller has completed a survey and provides a detailed proposal for a 6 storey, 21 unit condominium with underground parking, designed to maximize ocean views and integrate with the urban landscape ( for buyers reference only )
Priced to sell, this is a rare chance for developers to create a landmark project in Nanaimo's coveted waterfront downtown area. Price plus tax.More details
Welcome to this immaculately updated, pet friendly 3 bed, 2 bath 1343 sqft corner unit in the Gabriola building on Cameron Island. The south facing condo offers stunning natural light and beautiful views of the ocean and Mount Benson from your two private balconies. Inside, you'll find hardwood floors, updated cabinets, counters, appliances, and a cozy gas fireplace included in your strata fees. The top-down bottom-up blinds offer privacy without sacrificing light and the two efficient ductless heat pumps keeps you cool in summer and warm in winter. Building highlights include concrete construction, hot tub, bike storage, secured underground parking for 2 cars, and a storage locker. All this in a prime waterfront location just steps to the seawall, Port Theatre, Helijet, inner harbour, Hullo ferry, sea plane, shops, and downtown amenities.More details
Charming Character Home with Development Potential on Nanaimo’s Prettiest Street
Located on the iconic, tree-lined Kennedy Street—widely regarded as one of Nanaimo’s most beautiful and desirable neighborhoods—this charming property blends timeless character with rental income potential.
The existing home features 4 bedrooms and 2 full bathrooms, offering a warm and inviting space perfect for homeowners or as a reliable rental income property. You'll love the preserved old-world architectural details and the spacious, mature yard—ideal for children, pets, or outdoor entertaining.
But the opportunity doesn’t stop there: for investors and developers, an approved Development Permit is already in place for a unique live-work complex, including two single-family homes and one duplex. Whether you're looking for a move-in-ready home in a standout location or seeking a promising development site, this property is a rare find in the heart of Nanaimo.More details
Charming Character Home with Development Potential on Nanaimo’s Prettiest Street
Located on the iconic, tree-lined Kennedy Street—widely regarded as one of Nanaimo’s most beautiful and desirable neighborhoods—this charming property blends timeless character with rental income potential.
The existing home features 4 bedrooms and 2 full bathrooms, offering a warm and inviting space perfect for homeowners or as a reliable rental income property. You'll love the preserved old-world architectural details and the spacious, mature yard—ideal for children, pets, or outdoor entertaining.
But the opportunity doesn’t stop there: for investors and developers, an approved Development Permit is already in place for a unique live-work complex, including two single-family homes and one duplex. Whether you're looking for a move-in-ready home in a standout location or seeking a promising development site, this property is a rare find in the heart of Nanaimo.More details
Discover this rare beautifully updated waterfront condo in the highly sought-after Newcastle Building, situated on prestigious Cameron Island in the heart of Downtown Nanaimo. This bright & spacious well-designed home complemented by a large covered deck showcasing one of the finest panoramic harbour views in the city, unobstructed ocean view from all the rooms. Inside upgrades include elegant countertops, plush carpeting, curtains, modern stainless steel appliances, in-suite washer & dryer—creating a contemporary, move-in-ready home. Just steps from all major downtown amenities. The building is professionally managed & offers secure underground parking & a dedicated storage locker for added peace of mind. Perfectly positioned along the waterfront walkway, also steps away from the Hullo passenger ferry terminal, Harbour Air seaplane service, offering seamless travel to DT Vancouver & Richmond Airport. This is a rare opportunity to experience the vibrant waterfront lifestyle.More details
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.More details