Description
Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1020319 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na North Nanaimo |
| Postal Code | V9T 5N2 |
| Property Taxes | $6,529.39 (2025) |
| Parking Total | 5 |
| Zoning | R10 |
| Facing | North |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Hot Water,Oil |
| Fireplaces | 2 |
| Fireplace Type | Family Room,Living Room,Wood Burning |
| Appliances | F/S/W/D |
| Interior Features | Dining Room,Eating Area,Storage,Workshop |
| Exterior Features | Balcony/Deck |
| Construction | Wood |
| Roof | Shake |
| Foundation | Slab |
| Basement | Full,Walk-Out Access,With Windows |
| Laundry | In House |
| Listed Date | Nov 13, 2025 |
| Ownership | Freehold |
| Lot Size | 1.70 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 6\'10 x 9\'10 | |
| Bedroom | Main level | 11\'10 x 9\'10 | |
| Bedroom | Main level | 11\'0 x 9\'10 | |
| Dining room | Main level | 11\'5 x 9\'0 | |
| Ensuite | Main level | 5\'3 x 5\'2 | |
| Kitchen | Main level | 11\'6 x 12\'4 | |
| Living room | Main level | 28\'9 x 12\'4 | |
| Primary Bedroom | Main level | 15\'7 x 13\'3 |
Building Details
| Heating | Hot Water |
| Heating Fuel | Oil |
| Stories | -1 |
| Total Finished | 2600 sqft |
| Appliances | Refrigerator, Stove, Washer, Dryer |
Additional Information
| Features | Central location, Other |
| Land Size | 1.7 ac |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 2890 sqft |
| Transaction | For sale |