One Percent Realty Ltd.
DOWNTOWN NANAIMO
880 Hecate St
Nanaimo
V9R 4K6
$699,000
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:
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- 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 July 7, 2025 at 06:05 AM (UTC)
Area Statistics
- Listings on market:
- 69
- Avg list price:
- $579,000
- Min list price:
- $249,900
- Max list price:
- $1,399,900
- Avg days on market:
- 47
- Min days on market:
- 2
- Max days on market:
- 216
- Avg price per sq.ft.:
- $520.79
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.
- KARELYN CAMPBELL
- 921 CANADA AVE, DUNCAN, BC V9L 1V2
- 1 (250) 618-8213
- Contact by Email
Location
202 - 505 Hamilton St.
Vancouver, BC, V6B 2R1