Investment Opportunity in Central Location with Ocean Views! Welcome to this fantastic investment opportunity in a highly sought-after central location, just a short walk to the waterfront, shopping, and amenities. This 4-bedroom home offers versatility and great income potential with a 2-bedroom legal suite, perfect for investors or those looking for a mortgage helper. The suite, built less than 10 years ago, features its own hot water tank and laundry, a stylish kitchen with modern finishes, generously sized bedrooms, and a beautiful 3-piece bathroom complete with a tiled walk-in shower. Upstairs, you'll find a bright and sunny living space with an updated kitchen and bathroom, two bedrooms, and stunning ocean views from the spacious deck — the perfect spot to relax or entertain. Hardwood floors and plenty of storage throughout. This home checks all the boxes for savvy investors or homeowners looking for extra income in an unbeatable location.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1967
(Age: 58)
Living Area:
2,120 sq. ft.197 m2
Listing General Location:
Na Central Nanaimo, Nanaimo
Bedrooms:
4
Bathrooms:
2.0
(Full:-/Half:-)
Lot Size:
6,192 sq. ft.575 m2
Kitchens:
2
Taxes:
$4,606 /
2024
Building Features:
Basement
Construction:
Insulation All, Stucco
New Construction:
No
Basement:
Finished, Full
Foundation:
Concrete Perimeter, Slab
Electricity:
Yes
Roof:
Tar/Gravel
Levels:
2
Floor finish:
Mixed
Total Building Area:
2,120 sq. ft.197 m2
Total Unfinished Area:
0 sq. ft.0 m2
# Bedrooms or Dens Total:
4
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
1,060 sq. ft.98.5 m2
Living Area Main Floor:
1,060 sq. ft.98.5 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
2
Fireplace Details:
Wood Burning
Laundry Features:
In House, In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Additional Accommodations:
Exists
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
Yes
F/S/W/D
Balcony/Deck, Garden
Ocean
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Entrance
6'2"1.88 m × 3'5"1.04 m
Main Floor
Living Room
20'6.10 m × 14'1"4.29 m
Main Floor
Dining Room
10'1"3.07 m × 8'4"2.54 m
Main Floor
Kitchen
13'2"4.01 m × 10'1"3.07 m
Main Floor
Bedroom
12'5"3.78 m × 11'11"3.63 m
Main Floor
Bedroom
11'7"3.53 m × 9'11"3.02 m
Lower Level
Entrance
10'9"3.28 m × 7'11"2.41 m
Lower Level
Living Room
17'3"5.26 m × 17'1"5.21 m
Lower Level
Kitchen
11'3.35 m × 9'5"2.87 m
Lower Level
Bedroom
14'10"4.52 m × 11'1"3.38 m
Lower Level
Bedroom
10'9"3.28 m × 9'4"2.84 m
Lower Level
Carport
24'6"7.47 m × 11'4"3.45 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
6'11" x 8' 4-Piece
Lower Level
No
3
8'2" x 7'3" 3-Piece
Financing Notes:
0.5% of the purchase price or $4500, whichever is greater
Assessed:
696000.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 4, DISTRICT LOT 96G, NEWCASTLE RESERVE OF SECTION 1, NANAIMO DISTRICT,
PLAN 19925
Data was last updated April 20, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
78
Avg list price:
$532,400
Min list price:
$198,800
Max list price:
$1,595,000
Avg days on market:
46
Min days on market:
3
Max days on market:
355
Avg price per sq.ft.:
$433.52
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations.