561 Fourth St, Na University District, Nanaimo, BC, Canada being shown by 460 Realty with MLS # 1020080

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!

General Info

Property Type: Residential

Type: Single Family Residence

Year built: 1955

(Age: 70)

Living Area: 1,556 sq. ft.145 m2

Listing General Location: Na University District, Nanaimo

Bedrooms: 3

Bathrooms: 2.0

(Full:-/Half:-)

Lot Size: 8,712 sq. ft.809 m2

Kitchens: 1

Taxes: $3,798 /
2024

Additional Info

Building Features: Basement, Transit Nearby

Construction: Frame Wood

New Construction: No

Basement: Crawl Space, Partially Finished

Foundation: Concrete Perimeter

Electricity: Yes

Roof: Asphalt Shingle

Floor finish: Mixed

Total Building Area: 1,852 sq. ft.172 m2

Total Unfinished Area: 296 sq. ft.27.5 m2

# Bedrooms or Dens Total: 3

# Main Level Bedrooms: 2

# Second Level Bedrooms: 0

# Third Level Bedrooms: 0

# Lower Level Bedrooms: 1

# Other Level Bedrooms: 0

# Main Level Bathrooms: 1

# Second Level Bathrooms: 0

# Third Level Bathrooms: 0

# Lower Level Bathrooms: 1

# Other Level Bathrooms: 0

# Main Level Kitchens: 1

# Second Level Kitchens: 0

# Third Level Kitchens: 0

# Lower Level Kitchens: 0

# Other Level Kitchens: 0

Living Area Lower Floor: 472 sq. ft.43.9 m2

Living Area Main Floor: 1,084 sq. ft.101 m2

Living Area Other Floor: 0 sq. ft.0 m2

Living Area 2nd Floor: 0 sq. ft.0 m2

Living Area 3rd Floor: 0 sq. ft.0 m2

Fireplaces: 1

Fireplace Details: Gas

Laundry Features: In House

Water supply: Municipal

Sewer: Sewer To Lot

Cooling: None

Heating: Natural Gas

Fireplace: Yes

Amenities

Bedrooms: 3
Full Bathrooms: 2
Partial Bathrooms: 0
Property Type: Residential For Sale
Year Built: 1955
Built in 1955
Home size: 1,556 ft² / 144.56 m²
MLS: 1020080
Status: Active

$428,899

Listing currency: CA$599,900

Select Currency

561 Fourth St, Na University District Nanaimo, Canada V9R 1T9

Amenities

Map

Property brokered by

460 Realty

+1 (250) 591 4601

Presented by Scott Forbes

Contact Scott Forbes

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$428,899

Listing currency: CA$599,900

Select Currency

561 Fourth St, Na University District Nanaimo, Canada V9R 1T9

Amenities

Map

Property brokered by

460 Realty

+1 (250) 591 4601

Presented by Scott Forbes

Contact Scott Forbes

Similar Listings

931 Dufferin St, Na Central Nanaimo

206 6320 Sentinal Dr, Na North Nanaimo

307 6715 Dover Rd, Na North Nanaimo

107 6320 Sentinal Dr, Na North Nanaimo

411 6320 Sentinal Dr, Na North Nanaimo

Chicago

London

Singapore

More Info

Language

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