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Wedad Amery

wedadamery@hotmail.com +1(403) 601-1821

$ 599,900

Est. payment | -/mo

3 Beds

2 Baths

1,633 SqFt

Save

$ 599,900

Est. payment | -/mo

Save

3 Beds

2 Baths

1,633 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1633

Square Footage 1,633 sqft

Price per Sqft $367

Subdivision University District

MLS® Listing ID 1044831

Style Character

Bedrooms 3

Year Built 1948

Lot Size 7,440 Sqft

Acres 7440.0

Property Sub-Type Freehold

Property Description

**Rare Double-Lot Investment Opportunity with Ocean Views priced Under $600,000!** A unique opportunity in Nanaimo's University District, this income-producing property is situated on a double lot with two separate property titles and convenient laneway access. The main level offers just over 890 sq. ft. with two bedrooms, one bathroom, and a spacious living room that flows into the dining area and kitchen. The deck showcases scenic views of the Pacific Ocean, downtown Nanaimo, and the city's picturesque harbourfront. The lower level provides approximately 743 sq. ft. of additional accommodation, featuring one bedroom, one bathroom, and its own living space, creating excellent flexibility for extended family, rental income, or a mortgage helper. Whether you are an experienced investor or a first-time buyer looking to enter the market, this property offers a rare combination of immediate income and long-term redevelopment potential. The two titled lots may provide future opportunities for single-family or duplex development, subject to zoning, municipal approvals, and buyer verification. Future rooftop deck designs could take full advantage of the impressive ocean and city views. Hard-to-find investment opportunities that make financial sense in today's market are increasingly rare... this could be the one. Located just minutes from downtown Nanaimo, residents can enjoy locally owned restaurants, cafés, shopping, entertainment, the waterfront, and everyday amenities. Nearby BC Ferries and floatplane services also provide convenient connections to the Lower Mainland. This property is priced to sell and wont last long! Call or email Sean McLintock with MAC Real Estarte Group - RE/MAX Professionals for an Information Package 250-729-1766 or sean@seanmclintock.com (Measurements and information are approximate and should be independently verified if important.) (id:24570)

Location

Province BC

Zoning Residential

Rooms

Kitchen 2.0

Extra Room 1 Lower level 7'3 x 6'7 Bathroom

Extra Room 2 Lower level 13'0 x 11'3 Primary Bedroom

Extra Room 3 Lower level 13'3 x 11'5 Kitchen

Extra Room 4 Lower level 13'1 x 14'0 Living room

Extra Room 5 Main level 4-Piece Bathroom

Extra Room 6 Main level 10'6 x 9'6 Bedroom

Interior

Heating Baseboard heaters

Cooling None

Exterior

Parking Features No

View Y/N Yes

View Mountain view, Ocean view

Attached Garage No

Total Parking Spaces 6

Garage No

Private Pool No

Building

Architectural Style Character

Others

Ownership Freehold

Listed by REMAX Professionals (NA)

Schools and Properties Nearby

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(403) 601-1821

wedadamery@hotmail.com

Learn More About LPT Realty

611 First St Nanaimo, BC V9R1Y8