0.2 ACRE OF OPPORTUNITY IN THE HEART OF CENTRAL NANAIMO! Attention builders, developers & investors: This 8,712 sq ft lot is priced to sell. Offering R5 zoning, redevelopment potential will consider of up to 4 dwelling units without rezoning (subject to City approval). Need inspiration? The neighbouring property is the same lot size & has already been developed with a triplex! Rear alley access adds flexibility for future development, ideal for off street parking. The existing cottage built in approx. 1913 is considered a teardown, with value primarily in the land for higher density potential. Serviced by city water & sewer with gas & hydro already to lot. This is an unbeatable central location for families: just a 1-minute walk to Forest Park elementary off the alley & walkable to Beban Park's ice rinks, pool, golf, sports fields, pickleball & BMX park. Nearby to the hospital plus some of Nanaimo's favorite restaurants & amenities. See the potential & bring your vision! AS IS WHERE IS
0.2 acre property with both Northfield Road & alley access
Aerial showing vicinity to school behind, and triplex next door that was built on a lot that was the same time
Aerial perspective of property location walkable to swimming, skating, sporting events, park grounds, sports fields, recreational facilities, and Forest Park Elementary School
Aerial showcasing proximity to Beban Park, Beban Plaza, and Forest Park Elementary
Close proximity to the Departure Bay ferry terminal, hospital nearby and downtown Nanaimo for city events & local shopping
Front view of property with driveway access
Current driveway to enter property with side of cottage
Rear yard with trees around perimeter and fencing
Mature backyard showing existing cottage. Shed on right side built on top of previous well - not in use - municipal water services property along with gas. sewer & hydro
Evergreen and deciduous trees in large rear yard, backing onto alley
Rear alley access to this property - this property is located on the left with pallet fencing
Rear alley access showing neighbouring development with separate parking for triplex next door - great example of off street parking for future use
Data was last updated October 15, 2026 at 12:05 AM (UTC)
Area Statistics
Listings on market:
77
Avg list price:
$499,900
Min list price:
$229,000
Max list price:
$1,099,900
Avg days on market:
41
Min days on market:
6
Max days on market:
322
Avg price per sq.ft.:
$415.32
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. This data is not produced by
the MLS® system.