4
Bathrooms
1,845
Sq Ft
1971
Year Built
28
Days on Market
Description
Fantastic investment opportunity in this legal 4-plex only 2 blocks to the waterfront walkway and Nanaimo Yacht Club. Located on one of the city’s most picturesque streets, in the Newcastle area, this property features four fully self-contained studio suites, each with a large private patio area for outdoor living. All four units have their own hot water tank and electrical meter, as well as plenty of parking for the landscaped corner lot. R8 multi-family zoning offers future development potential within walking distance of downtown and only minutes to Departure Bay ferry terminal. Generating over $46,000 gross revenue, this is a rare gem in a desirable area of Nanaimo’s evolving core.
Property Details
| Property Type | Residential |
| Property Sub Type | Quadruplex |
| Listing ID | 1029491 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Brechin Hill |
| Postal Code | V9S 1C9 |
| Property Taxes | $6,766.00 (2025) |
| Parking Total | 6 |
| Zoning | R8 |
| Facing | West |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Baseboard,Electric |
| Appliances | Oven/Range Electric,Refrigerator |
| Exterior Features | Balcony/Patio,Fenced,Garden |
| Construction | Frame Wood,Stucco |
| Roof | Asphalt Torch On |
| Foundation | Poured Concrete |
| Basement | Finished,Full,Walk-Out Access |
| Laundry | None |
| Listed Date | Mar 20, 2026 |
| Ownership | Freehold |
| Lot Size | 0.10 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bathroom | Main level | 4-Piece | |
| Dining room | Main level | 9\'9 x 6\'8 | |
| Dining room | Main level | 9\'9 x 6\'8 | |
| Kitchen | Main level | 9\'3 x 8\'4 | |
| Kitchen | Main level | 9\'3 x 8\'4 | |
| Living room | Main level | 15\'1 x 14\'7 | |
| Living room | Main level | 15\'1 x 14\'7 |
Building Details
| Heating | Baseboard heaters |
| Heating Fuel | Electric |
| Stories | -1 |
| Appliances | Range - Electric, Refrigerator |
Parking
| Type | Spaces |
|---|---|
| Open |
Additional Information
| Features | Central location, Corner Site, Other, Marine Oriented |
| Land Size | 4356 sqft |
| Land Access | Road access |
| Building Type | Fourplex |
| Interior Size | 1845 sqft |
| Transaction | For sale |