Description
Discover 308 Harewood Rd, a smart investment or development in Nanaimo’s vibrant corridor. This property offers a 3-bedroom, 1-bathroom main residence plus a separate 2-bedroom, 1-bathroom legal suite—ideal for mortgage support through rental income. Situated on a rare lot with multiple road frontages and zoned COR1 (Residential Corridor), the development potential is enormous. The COR1 designation allows small-scale multi-family or mixed-use projects, making this a canvas for future redevelopment or continued income generation, tenants in both units help cover costs, while you plan your redevelopment project. Location is prime: a short walk to Vancouver Island University, plus nearby shopping, parks and transit. Whether you’re an investor eyeing growth or a homeowner seeking extra revenue and future flexibility, this versatile Nanaimo property has it all. Embrace the opportunity of multi-use zoning, supportive income, and unbeatable location.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1026160 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na University District |
| Postal Code | V9R 2Z2 |
| Property Taxes | $3,779.00 (2024) |
| Parking Total | 6 |
| Zoning | COR1 |
| Facing | Southeast |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Baseboard,Electric,Forced Air |
| Fireplaces | 1 |
| Fireplace Type | Wood Burning |
| Construction | Frame Wood,Insulation All,Stucco |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | Finished,Full,Walk-Out Access |
| Laundry | In Unit |
| Listed Date | Feb 17, 2026 |
| Ownership | Freehold |
| Lot Size | 0.15 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bedroom | Main level | 9\'10 x 8\'6 | |
| Bedroom | Main level | 12\'9 x 8\'11 | |
| Entrance | Main level | 4\'8 x 8\'2 | |
| Kitchen | Main level | 11\'11 x 14\'7 | |
| Living room | Main level | 18\'3 x 12\'9 | |
| Primary Bedroom | Main level | 11\'10 x 10\'2 |
Building Details
| Heating | Baseboard heaters, Forced air |
| Heating Fuel | Electric |
| Stories | -1 |
| Total Finished | 2034 sqft |
Additional Information
| Features | Central location, Cul-de-sac, Other |
| Land Size | 6996 sqft |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 2034 sqft |
| Transaction | For sale |