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$979,000
2 Beds ⋅ 2 Baths ⋅ 1044063 MLS
Welcome to this beautifully renovated 1910 home in the heart of Nanaimo’s charming heritage district on Wesley Street. Thoughtfully updated with high-end finishes, it offers the comfort and peace of mind of modern living while preserving the warmth and character of its historic surroundings. Featuring two bedrooms and two bathrooms, the flexible layout is full of possibilities. Residential and commercial zoning provides exciting options for a private residence, professional office, boutique business, creative studio, or an inviting live-work space. Ideally located near downtown shops, restaurants, amenities, and Nanaimo’s waterfront, this is more than a property—it is a home and neighbourhood that must be experienced. From the moment you arrive, its character and atmosphere will capture your imagination and create a heartfelt vision for what is possible here.

351 Wesley St, Nanaimo

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

$369,000
1 Beds ⋅ 1 Baths ⋅ 1043742 MLS
Welcome to unit 304 at 555 Franklyn Street, a cute and practical 449 sq. ft. condo in the Old City Quarter. Offered at $369,000, this 1-bedroom home comes fully furnished and well-equipped, so you can move right in without any extra hassle. The layout makes great use of space. The entry foyer opens to the main living area and kitchen. Off to the side, you’ll find the bedroom with a walk-in closet, a 3-piece bath, in-suite laundry, and a private balcony with ocean views... a pretty awesome spot for morning coffee. You also get a secure underground parking space, a storage locker, and access to the building's fitness centre. The location is ideal for leaving the car behind. You are just a short walk to the Old City Quarter shops and restaurants, downtown, and the scenic seawall walk. Quick seaplane and ferry connections to Vancouver are nearby, making concerts, events or weekend trips to Vancouver easy. It’s a fantastic downtown setup close to everything.

555 Franklyn St Unit ##304, Nanaimo

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

$850,000
2 Beds ⋅ 2 Baths ⋅ 1043997 MLS
Welcome to Pacifica, one of Nanaimo’s most well known concrete waterfront residences. Ideally positioned just steps from the downtown seawall & Swy-a-Lana Lagoon, offering easy access to shopping, dining, the hullo ferry, & more. This 2 bed,2 bath condo offers 1159 sqft of living space w/ a bright, open-concept design. Hardwood flooring runs through the main living area, complemented by a well-appointed kitchen featuring granite countertops, a functional island, & a breakfast bar w/ additional workspace & storage. The living room is anchored by a gas fireplace w/ a striking stone surround, creating a warm & inviting atmosphere. Step out onto the large covered deck to enjoy unobstructed 180-degree views of Nanaimo’s inner harbour, an ideal space for outdoor seating, planters, & taking in the ocean air & active harbour year round. The primary bedrm includes a walk-in closet & a 4-piece ensuite. Additional features include in-suite laundry, a storage locker, & 1 parking stall.Data approx.

38 Front St Unit ##1106, Nanaimo

Courtesy of REMAX Professionals (NA)

$120,000
1044100 MLS
Established Vancouver Island Sign & Print Business • Loyal Commercial Client Base • Excellent Reputation • Turnkey Operation: Exceptional opportunity to acquire a well-established sign, print and graphics business serving Central Vancouver Island. Known for outstanding quality, fast turnaround and exceptional customer service, the company has built a loyal base of repeat commercial and residential clients. Services include custom signage, vehicle wraps, fleet graphics, banners, vinyl lettering, business cards, brochures, promotional products and graphic design. Operating from a strategic Nanaimo location, the business serves clients throughout Central Vancouver Island with strong referral and repeat business. Turnkey operation, quality equipment, established systems and significant growth potential. Contact the Listing Realtor for details. NDA required for financial information.

215 Terminal Ave, Nanaimo

Courtesy of eXp Realty (NA)

$650,000
1044041 MLS
Exceptional opportunity to acquire two successful food service businesses, including one restaurant & one quick service restaurant (QSR), offered together for $650,000. The combined estimated EBITDA for this 2026 fiscal year is approx. $580,000 before accountant year-end review/adjustments. There is experienced management in place to ensure a seamless transition. The locations benefit from excellent walk-by & drive-by exposure, ample customer parking, favourable lease terms, & strong online ordering & delivery sales. The sale includes all proprietary recipes, & intellectual property. While each business may be purchased separately, the seller's preference is to sell both together, allowing the purchaser to benefit from increased market presence and operational efficiencies. Qualified purchasers will be required to execute a Confidentiality Agreement prior to receiving detailed info. An outstanding opportunity for anyone seeking two profitable, turnkey operations with strong cash flow.

1 Cls St, Nanaimo

Courtesy of Real Broker

$990,000
2 Beds ⋅ 2 Baths ⋅ 1043438 MLS
Welcome to Unit 805 at 38 Front Street in the prestigious Pacifica building—where luxury meets lifestyle in the heart of the downtown Nanaimo waterfront. This 2-bedroom, 2-bathroom condo offers just over 1,000 sq ft of modern living, steps from the seawall, Maffeo Sutton Park, fine dining, shopping, and the Port Theatre. The show-stopper? An incredible 2,500 sq ft private patio with panoramic, unobstructed views of the ocean, city, and Mount Benson. This view is an experience! Whether you're entertaining or enjoying a quiet moment outdoors, this space is unmatched. Live the West Coast dream with walkable convenience and stunning views in one of Nanaimo’s most desirable addresses. Easy sea plane access, Hellijet, and Hullo ferry to Vancouver. Included are 2 underground parking spaces and a storage locker. Home can be purchased with furnishings. All measurements are approximate and should be verified if important.

38 Front St Unit ##805, Nanaimo

Courtesy of Real Broker

$579,900
2 Beds ⋅ 2 Baths ⋅ 1043307 MLS
Enjoy waterfront living at The Pacifica, Nanaimo's premier downtown waterfront residence. This stylish 1,144 sq. ft. multi-level townhome features soaring 14-foot ceilings, maple flooring, a cozy gas fireplace, and a modern kitchen with granite countertops, a large island, stainless steel appliances, and a gas range. A versatile flex room with a closet offers space for a home office or second bedroom, while the loft-style primary bedroom includes a walk-in closet and five-piece ensuite. Relax on your private patio overlooking Front Street. Pet-friendly building with secure underground parking, storage locker, and strata fees that include gas and hot water. Ideally located steps from the seawall, restaurants, shopping, the Port Theatre, and convenient transportation to Vancouver via Hullo Ferry, Harbour Air, and Helijet. Measurements are approximate; verify if important.

38 Front St Unit ##103, Nanaimo

Courtesy of REMAX Professionals (NA)

$1,250,000
1042861 MLS
A rare opportunity to acquire a prominent downtown Nanaimo commercial property with stable income and future rental upside. The building is currently leased to an established tenant operating the popular Vault Café/Bar, who also manages the upper-floor office rentals. The existing lease runs until March 2028, providing dependable cash flow and a current cap rate of approximately 5%. Upon lease renewal, the buyer will have greater flexibility to restructure the tenancy, adjust rents to market levels or lease the café and office spaces separately, creating potential to increase the cap rate to over 6%, subject to market conditions and operating costs. The upper floor includes 7 office rooms, 2 bths, a kitchen/staff area, large windows and skylights. Located on a highly visible corner near City Hall, the Conference Centre, seaplane terminal and HeliJet, this unique heritage landmark offers an attractive combination of stable income, strong location and long-term investment potential.

499 Wallace St, Nanaimo

Courtesy of Sutton Group-West Coast Realty (Nan)

$349,900
2 Beds ⋅ 1 Baths ⋅ 1043142 MLS
Spacious condo in the heart of Nanaimo's desirable Old City Quarter! This beautifully maintained, owner-occupied 2-bedroom, 1-bathroom home is move-in ready and located in a secure, European-inspired building built and managed by a respected local family. Recent updates include fresh paint, a new living room pot light, high-end stainless steel kitchen appliances, and a new Samsung washer and dryer. Enjoy ocean views from the covered patio accessed through French doors from both the living room and primary bedroom. Features include in-suite laundry, a spacious utility/storage room, additional common-area storage, and 1 on-site parking. Residents enjoy a unique rooftop turret-style viewpoint, plus beautifully landscaped common grounds with a charming Greek-inspired rose garden. Walk to downtown restaurants, cafés, shopping, entertainment, and the seawall, with VIU just minutes away. Rentals permitted. Measurements are approximate and should be verified if important.

645 Selby St Unit ##204, Nanaimo

Courtesy of eXp Realty (NA)

$1,195,900
3 Beds ⋅ 3 Baths ⋅ 1043139 MLS
Welcome to 722 Campbell St, a stunning 2017 custom-built masterpiece in the heart of Old City Nanaimo. Seamlessly blending West Coast design with old-world heritage, this 3-bed+office, 3-bath home offers unmatched quality. It sits on a quiet street steps from Sid Clark Gyro Park and Ecole Pauline Haarer just outside the vibrant downtown core. The main floor features authentic terracotta tiles with 4-zone hydronic in-floor heating. Enjoy a chef’s kitchen with custom cabinetry, quartz counters, and an island. The living room highlights a beamed ceiling and wood-burning fireplace, while the dining area offers dual French doors opening to a private, professionally landscaped patio, perfect for seamless indoor/outdoor living. Upstairs, you will find two bedrooms with vaulted ceilings (one with a loft), and a primary retreat with dual walk-in closets and a spa-like ensuite. Extras: HRV, water filtration, HTW on-demand, a laneway leading to a gated driveway, and a detached garage w/EV plug.

722 Campbell St, Nanaimo

Courtesy of The Agency

$15,900,000
1042962 MLS
An opportunity to acquire freehold interest in a mixed use residential/retail rental complex centrally located in Nanaimo. Completed in 2024, the complex is comprised of 25 large townhouse units all with exterior entrances, individual hot water tanks, dishwashers and laundry rooms, as well as 3 commercial CRU’s over three buildings. The property is currently fully rented but built to strata specification, and the potential exists to stratify and sell the individual units separately in the future.The complex benefits from a partial property tax exemption until 2033. This is a rare opportunity to buy a newer rental asset with stable holding income and future strata sale potential.

507 Milton St, Nanaimo

Courtesy of NAI Commercial (Victoria) Inc.

$759,900
2 Beds ⋅ 2 Baths ⋅ 1042885 MLS
Experience elevated coastal living in this 14th-floor, 2-bedroom, 2-bathroom waterfront Pacifica condo in downtown Nanaimo. This bright, open-concept home features floor-to-ceiling windows that showcase ocean, city and mountain views. Step out onto the spacious balcony to take in the scenery—perfect for morning coffee or evening relaxation. The layout seamlessly blends living, dining, and kitchen spaces, creating an ideal setting for both everyday living and entertaining. Conveniently located just steps from all amenities, including shopping, dining, the seaplane terminal, and fast ferry access, this home offers the ultimate in urban waterfront lifestyle. Additional features include secure underground parking, a separate storage locker, in-unit laundry, plus this is a pet and rental friendly building—making it a fantastic option for homeowners and investors alike.

38 Front St Unit ##1402, Nanaimo

Courtesy of 460 Realty Inc. (NA)

$699,900
4 Beds ⋅ 4 Baths ⋅ 1042852 MLS
Step into the lifestyle of Nanaimo’s Old City at 133 Milton Street. Enjoy your morning coffee on the front porch or stroll to nearby cafés, restaurants, boutiques & the waterfront. With easy access to the Hullo Ferry, BC Ferries, Harbour Air, & Helijet, commuting or travel is simple. It’s your turn! Make this wonderful piece of history your own. Inside, you will find original fir floors, fireplaces, & high ceilings that add to the home’s character. Offering 4 bedrooms and 4 bathrooms, the layout is ready for your vision to bring out its full potential. And there’s more. Zoned R14 and set on a 9,405 sq ft lot, the property offers investment upside with potential for up to 4 additional units. Buyers to verify with the City if important. Homes like this do not come around often, where history, character, and future potential all come together. Unbeatable lifestyle & future income potential. Measurements by Proper Measure, buyer to verify

133 Milton St, Nanaimo

Courtesy of REMAX Professionals (NA)

$355,000
2 Beds ⋅ 2 Baths ⋅ 1042769 MLS
Spacious Old City 2 bedroom & 2 bathroom top floor corner unit condo. 1,185 sqft of living space with Ocean Views, with a great layout and a covered private balcony. A nice and bright living space with a natural gas fireplace. A fully equipped kitchen with plenty of counter space, serving window, and modern cabinetry. Just off the kitchen is the dining area with large windows to capture natural light and views. The master bedroom includes a 4pc ensuite and access to the balcony. This unit comes with in-suite laundry, a beautiful main bathroom, has views from most every room. Includes both designated and additional parking. This strata allows for both rentals & pets and has two large shared outdoor roof top patios for all to use. Is in a great location, close to all major amenities, the downtown core, shopping, restaurants, trails and parks, this unit won’t last long. Measurements are approximate, pls verify if important.

327 Prideaux St Unit ##304, Nanaimo

Courtesy of Sutton Group-West Coast Realty (Nan)

$1,245,000
2 Beds ⋅ 2 Baths ⋅ 1042638 MLS
Elevate your lifestyle in this stunning top-floor penthouse at the Pacifica, Nanaimo's premier waterfront condominium. Featuring soaring 10-foot ceilings and expansive floor-to-ceiling windows, this bright open-concept home showcases spectacular ocean, city, mountain and inner harbour views toward Gabriola, Protection and Saysutshun Islands. The gourmet kitchen offers granite countertops, premium stainless steel appliances, a natural gas range ( gas included in strata) and warm wood cabinetry. The spacious primary bedroom includes a walk-in closet and a beautifully appointed ensuite with dual sinks, granite counters and a tiled shower. Step onto the generous covered balcony to enjoy the ever-changing waterfront scenery that blends into the downtown and includes views of Mount Benson. Enjoy being steps from the seawall, marina, restaurants, shopping, entertainment, seaplanes, Hullo ferry and everyday amenities. Measurements are approximate, verify if important.

38 Front St Unit ##1802, Nanaimo

Courtesy of eXp Realty (NA)

$579,900
3 Beds ⋅ 1 Baths ⋅ 1042408 MLS
Lovely character home in South Nanaimo with ocean views. This well-laid out 3-bed plus den, 1-bath home features an excellent floorplan with over height ceilings and light throughout. The well sized living room creates a cozy atmosphere, while a bright, open-concept kitchen provides an ideal space filled with natural light. Recent upgrades include new windows and a new back deck. A heat pump provides efficient year-round heating and cooling for modern comfort. Set on an expansive property with lane access, this home also presents potential for a laneway house or future development options (buyer to verify). The ample outdoor space is ideal for pets, families, gardeners, or investors alike. Located on a quiet no through road, this home is perfect for a first-time buyer or an investor with exceptional value in a sought-after setting. All measurements are approximate and should be verified if important.

654 Farquhar St, Nanaimo

Courtesy of REMAX Professionals (NA)

$599,000
1041665 MLS
Prime downtown business opportunity! This highly successful, well-established Grocery Store is a beloved community staple, offering steady sales and a loyal customer base. A true turnkey business-only sale, this local grocery store features a full meat department, dairy, household essentials, and indoor/outdoor produce sections. Situated on a strategic corner lot of approx 12,853 sq ft, the location boasts excellent exposure, a 2,396 sq ft storefront, a loading bay, walk-in coolers, inventory storage, and parking. A built-in U-Haul dealership adds immediate auxiliary revenue, while the expansive lot offers great potential for expansion or food truck placement. The seller is willing to consider renting the upstairs residential unit to the buyer of the business for convenience or added income. Don't miss out on taking over this thriving community legacy-bring your vision and step into a profitable operation today

Nanaimo

Courtesy of eXp Realty of Canada, Inc.

$325,000
1 Beds ⋅ 1 Baths ⋅ 1041574 MLS
Welcome to Studio NA, a modern condominium in the heart of Nanaimo's vibrant downtown core. This bright and well-maintained 1-bedroom, 1-bathroom home offers an ideal blend of comfort, convenience, & urban living. Large windows fill the space with natural light, creating an inviting atmosphere throughout the open-concept layout. The kitchen features stainless steel appliances & is open to the living area, making it perfect for everyday living or entertaining. Enjoy the convenience of in-suite laundry, a secure underground parking stall, and the peace of mind that comes with a well-managed building. Pet lovers will appreciate that pets are allowed, & with no age restrictions, this home appeals to a wide range of buyers. Ideally located within walking distance of Nanaimo's restaurants, cafés, shops, waterfront, seawall, theatre, & transit, this condo offers an exceptional opportunity to enjoy a connected downtown lifestyle. Data & measurements are approx. verify if important.

99 Chapel St Unit ##204, Nanaimo

Courtesy of REMAX Professionals (NA)

$759,900
2 Beds ⋅ 2 Baths ⋅ 1041329 MLS
Wake up to sweeping ocean, harbour, & city views while being just minutes from downtown Nanaimo. This penthouse unit places ferries, float planes, dining, cafés, & the waterfront w/in easy reach. Offering 1,808 sq ft of renovated living space designed to capture views from nearly every room. The open-concept kitchen, dining, & living areas flow beautifully, while 2 spacious decks invite sunrise coffees & sunset evenings. The kitchen features high-end appliances, generous counter space & abundant cabinetry. The den can be a 3rd bedroom offering comfort & flexibility. The spacious primary suite includes a well-appointed ensuite, while the 2nd bedroom features custom cabinetry & a Murphy bed. Additional features include European-style exterior doors, hot water tank upgrade (2019), ductless heat pump, and a private garage w/workshop space. A strata-approved garden shed on the deck provides the designated storage unit for this home. Data & meas. approx. verify if import.

650 Prideaux St Unit ##401, Nanaimo

Courtesy of REMAX Professionals (NA)

$568,000
3 Beds ⋅ 1 Baths ⋅ 1041238 MLS
Located at 710 Fitzwilliam St in Nanaimo’s Downtown Old City Quarter, this 710 sq.ft. detached home sits on a generous 6,556 sq.ft. lot along Fitzwilliam Street, a main road that has recently been upgraded. The home offers a functional 3-bdrm layout w/ a bright living rm, eat-in kitchen, full bthm, laundry area, large windows, updated flooring, practical cabinetry, driveway parking, outdoor storage, and a fenced yard. Fences within the property are included. DT10 zoning supports residential use and may allow mixed commercial possibilities, offering flexibility for an owner-occupier, rental investor, holding property, or future redevelopment plan. The central location provides convenient access to downtown Nanaimo, shops, restaurants, services, transit, the Old City Quarter, and the waterfront. With its efficient living space, sizeable urban lot, and strong zoning potential. All measurements are approximate, to verify if important.

710 Fitzwilliam St, Nanaimo

Courtesy of Sutton Group-West Coast Realty (Nan)

$2,040,000
1041190 MLS
Strict Schedule A compliance applies. Do not disturb tenants. Under no circumstances are property tours, photography, or structural inspections permitted without a minimum of 48 hours' written notice to the owners, in strict accordance with the BC Residential Tenancy Act. A Designated Agent must accompany prospective buyers during all structural or unit tours. Detailed financial statements, complete tenancy profiles, and underlying rent rolls will only be released to prospective purchasers or cooperating brokerages upon receipt of a completed, commercially reasonable Non-Disclosure Agreement (NDA) approved by the ownership. Cooperating commission split is 1.5% as per the listing contract

531 Kennedy St, Nanaimo

Courtesy of NAI Commercial (Victoria) Inc.

$345,000
1 Beds ⋅ 1 Baths ⋅ 1040640 MLS
Experience the ultimate urban lifestyle in the heart of Nanaimo’s vibrant City Centre! Built in 2019, this immaculate south-facing 1BR/1BA condo captures incredible year-round sun and epic views of Mt. Benson from your private deck. The open-concept interior shines with floor-to-ceiling windows, a sleek kitchen featuring quartz counters, SS appliances, and an island perfect for entertaining. Cozy up by the custom wood-grain feature wall with an integrated elec. fireplace. The smart layout includes a spacious BR with a walk-in closet and in-suite laundry, leading to a 4pc ensuite. This pedestrian-friendly gem is steps from Maffeo Sutton Park, the Seawall, and local cafes. Commuters will love being walking distance to Harbour Air and the Hullo Ferry! Includes secure underground parking and storage for bikes/boards. Pet and rental friendly building with a unique open-air courtyard. The sunny side is where it's at—book your showing today!

91 Chapel St Unit ##310, Nanaimo

Courtesy of eXp Realty (NA)

$1,950,000
1040063 MLS
352 Wesley Street and 341 Robson Street present a rare downtown development opportunity in the heart of Nanaimo's vibrant Old City Quarter. Offered together, these two separately titled DT2-zoned properties total approx. 20,522 sq.ft. and provide exceptional development potential for mixed-use, multi-family, office, retail, hospitality, and live/work projects. With a base FAR of 2.3 and 100% lot coverage, the site may accommodate approximately 47,200 sq.ft. of buildable floor area, with potential density incentives available through the City of Nanaimo (buyer to verify all). Ideally located on the Old City's most desirable Street, surrounded by popular restaurants and boutiques, this is one of Nanaimo's most sought-after urban investment locations. Both properties enjoy dual frontage on Wesley Street and Robson Street and are currently operating as fully leased (unpaved) parking lots, generating valuable holding income while future development plans are pursued. Price plus GST.

352 Wesley St, Nanaimo

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

$634,900
6 Beds ⋅ 6 Baths ⋅ 1040315 MLS
– Income Generator in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential & zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level is perfect for owner living with charming character, 2-bedrooms, 1-bath & peek-a-boo ocean views from the big back deck. Downstairs there are 4 x bdrm/studio-style rental units, each with its own entrance & 2-piece bath (no kitchens), shared laundry & shower facilities & a common room - perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!

58 Pine St, Nanaimo

Courtesy of Pemberton Holmes Ltd. (Cow Vall)

$529,000
4 Beds ⋅ 2 Baths ⋅ 1040291 MLS
Welcome to 229 Irwin St, a versatile and well appointed home offering space, flexibility, and glimpses of ocean views. This property features two self contained levels, each with 2 bedrooms and 1 bathroom, making it ideal for extended family living, rental income, or multi generational use. Each level includes its own full kitchen, providing convenience and independence for occupants. The upper floor is bright and inviting, complete with a den or for a home office, reading nook, or additional living space, along with partial ocean views that add a touch of coastal charm. While the home could benefit from some updating, it presents an excellent opportunity to add value and make it your own. Priced attractively, this is a fantastic option for first-time home buyers or savvy investors looking to enter the market. Whether you’re searching for a smart investment or a home with room to grow, this property delivers both comfort and potential in a desirable setting.

229 Irwin St, Nanaimo

Courtesy of Real Broker

$6,000,000
1039946 MLS
Rare opportunity to acquire a fully occupied portfolio of 27 strata-titled condominium units under single ownership in the heart of Nanaimo. Unlike traditional apartment buildings, each unit has its own legal title and PID number, providing exceptional flexibility for future disposition, refinancing or continued operation as a rental portfolio. The property has benefited from ongoing capital improvements and features elevator service, storage lockers, on-site laundry facilities and separate hydro metering. Opportunities to acquire a multifamily asset of this scale with individually titled units are exceptionally rare on Vancouver Island. A compelling investment offering stable occupancy, proven income history and multiple avenues for future value creation. Financial information available to qualified purchasers upon execution of a Confidentiality Agreement.

116 Prideaux St Unit ##101-309, Nanaimo

Courtesy of eXp Realty (NA)

$740,000
1038728 MLS
This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental.

639 Kennedy St, Nanaimo

Courtesy of REMAX Professionals (NA)

$740,000
8 Beds ⋅ 2 Baths ⋅ 1038726 MLS
This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental.

639 Kennedy St, Nanaimo

Courtesy of REMAX Professionals (NA)

$514,900
6 Beds ⋅ 3 Baths ⋅ 1038637 MLS
This one is NOT for the faint of heart but it’s a heck of a development opportunity! Just around the corner from the historic Nob Hill park, adjacent the old city quarter and just minutes away from every transportation option to the mainland you’ll find 528 Hecate St. Sitting on a 6,336 sq ft corner lot with R15 Old City Medium Density Residential zoning in place, this property opens the door for redevelopment ideas in an area that continues to evolve. Although the current home has been boarded up for safety, the opportunity here is all about the land, location, and future potential. A demolition quote is available for buyers looking to start fresh. If bringing this 1911 home back to life IS possible there’s currently over 2,800 square feet of structure on site plus an additional unauthorized dwelling at the rear of the property. This is definitely a project… but for the right buyer, builder, or developer, there may be an exciting opportunity to reimagine this property entirely.

528 Hecate St, Nanaimo

Courtesy of eXp Realty (NA)

$514,900
1038638 MLS
Just around the corner from the historic Nob Hill park, adjacent the old city quarter and just minutes away from every transportation option to the mainland you’ll find 528 Hecate St. Sitting on a 6,336 sq ft corner lot with R15 Old City Medium Density Residential zoning in place, this property opens the door for redevelopment ideas in an area that continues to evolve. Although the current home has been boarded up for safety, the opportunity here is all about the land, location, and future potential. A demolition quote is available for buyers looking to start fresh. If bringing this 1911 home back to life IS possible there’s currently over 2,800 square feet of structure on site plus an additional unauthorized dwelling at the rear of the property. This is definitely a project… but for the right buyer, builder, or developer, there may be an exciting opportunity to reimagine this property entirely. Seller has preliminary plan available as part of purchase price.

Lot 4 Hecate St, Nanaimo

Courtesy of eXp Realty (NA)

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