561 Fourth St
Nanaimo
V9R 1T9
$599,900
Single Family
beds: 3
baths: 2.0
1,852 sq. ft.
built: 1955
- Status:
- Active
- Prop. Type:
- Single Family
- MLS® Num:
- 1020080
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 1955
- Photos (25)
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Attention investors, developers, and savvy buyers! This 3 bedroom, 2 bathroom fixer-upper is packed with potential in one of the most desirable locations in Nanaimo, just a short walk from the university, shops, and local amenities. Zoned for detached duplexes or a 4-plex, this property offers flexible redevelopment options with an active building permit and demolition permit already in place, saving you time and money. The existing home has solid bones and could be transformed into a great income-producing rental property with some renovation and creativity while you wait for the perfect time to build. Whether you’re looking to build new, expand your rental portfolio, or flip for profit, this property checks all the boxes: prime location, flexible zoning, and major permits ready to go. Opportunities like this are rare — don’t miss your chance to capitalize on this property that is priced below assessed value! (id:2493)
- Property Type:
- Single Family
- Common Interest:
- Freehold
- Total Living Area:
- 1,852 sq. ft.
- Finished Area Above Grade:
- 1,556 sq. ft.
- Zoning:
- Residential
- Taxes:
- $3,798 / -
- Community:
- University District
- Structure Type:
- House
- Appliances Included:
- Washer, Refrigerator, Stove, Dryer
- Bedrooms:
- 3
- Bathrooms:
- 2.0
- Cooling:
- None
- Fireplace:
- Yes
- Fireplaces:
- 1
- Heating:
- Natural gas
- Lot Size:
- 8,712 sq. ft.
- Lot Details:
- 8712
- Lot Features:
- Other, Marine Oriented
- Total Parking Spaces:
- 3
- Floor
- Type
- Size
- Other
- Lower level
- Storage
- 20' × 0
- 10'1
- Lower level
- Laundry room
- 28'8" × 9'2"
- -
- Lower level
- Bedroom
- 12' × 0
- 11'3
- Lower level
- Recreation room
- 17' × 12'
- -
- Main level
- Bedroom
- 11' × 0
- 6'8
- Main level
- Primary Bedroom
- 12' × 10'
- -
- Main level
- Family room
- 11'9" × 9'7"
- -
- Main level
- Eating area
- 6' × 0
- 8'2
- Main level
- Kitchen
- 9' × 9'
- -
- Main level
- Dining room
- 8' × 0
- 9'7
- Main level
- Living room
- 16'7" × 14'8"
- -
- Floor
- Ensuite
- Pieces
- Other
- Lower level
- No
- -
- 4'9" x 4'7"
- Main level
- No
- -
- 7'8" x 7'2"
-
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Listed by 460 Realty Inc. (NA)
Data was last updated November 18, 2025 at 10:15 AM (UTC)
Area Statistics
- Listings on market:
- 135
- Avg list price:
- $900,000
- Min list price:
- $270,000
- Max list price:
- $2,969,000
- Avg days on market:
- 69
- Min days on market:
- 0
- Max days on market:
- 238
- Avg price per sq.ft.:
- $302.11
These statistics are generated based on the current listing's property type
and located in
University District. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Teresa Hall
- RE/MAX Anchor Realty
- 778-239-4435
- Contact by Email
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TERESA HALL
Office:
113 - 2nd Avenue West
Qualicum Beach