Investor Alert in Nanaimo’s Old City! Don’t miss this rare investment opportunity in the heart of Nanaimo’s historic Old City. This 7-bedroom property offers incredible rental potential, perfect for multi-family living or generating strong rental income. Inside, you’ll find updated electrical and plumbing for peace of mind, plus a shared laundry space for convenience. Outside, enjoy a large back deck with stunning views of Mount Benson—the perfect spot to unwind after a long day. Situated on a 10,494 square foot lot with lane access and just minutes from Vancouver Island University, downtown amenities, and transit, this property offers unbeatable location and functionality. Whether you’re an investor or looking for a home with multiple income streams, this one checks all the boxes! (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Total Living Area:
3,404 sq. ft.316 m2
Finished Area Above Grade:
3,231 sq. ft.300 m2
Zoning:
Duplex
Taxes:
$4,816 /
-
Community:
Old City
View:
Mountain view
Structure Type:
House
Bedrooms:
7
Bathrooms:
4.0
Cooling:
None
Fireplace:
No
Heating:
Baseboard heaters, Forced air, Electric, Natural gas
Data was last updated January 19, 2026 at 11:15 AM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$699,999
Min list price:
$325,000
Max list price:
$1,190,000
Avg days on market:
91
Min days on market:
3
Max days on market:
263
Avg price per sq.ft.:
$263.16
These statistics are generated based on the current listing's property type
and located in
Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
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