Description
Investor Alert – Income Generator in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential & zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level is perfect for owner living with charming character, 2-bedrooms, 1-bath & peek-a-boo ocean views from the big back deck. Downstairs there are 4 x bdrm/studio-style rental units, each with its own entrance & 2-piece bath (no kitchens), shared laundry & shower facilities & a common room - perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1030696 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Old City |
| Postal Code | V9R 2B2 |
| Property Taxes | $4,215.00 (2025) |
| Parking Total | 6 |
| Zoning | R14 |
| Facing | South |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Heat Pump |
| Cooling | Air Conditioning |
| Fireplaces | 1 |
| Fireplace Type | Living Room,Wood Stove |
| Construction | Frame Wood,Insulation: Ceiling,Insulation: Walls,Vinyl Siding |
| Roof | Fibreglass Shingle |
| Foundation | Poured Concrete |
| Basement | Full |
| Laundry | In House |
| Listed Date | Apr 1, 2026 |
| Ownership | Freehold |
| Lot Size | 0.16 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bedroom | Main level | 11\'8 x 11\'1 | |
| Entrance | Main level | Measurements not available x 7 ft | |
| Kitchen | Main level | 12\'3 x 16\'3 | |
| Living room | Main level | 13\'11 x 15\'11 | |
| Office | Main level | 11 ft x Measurements not available | |
| Primary Bedroom | Main level | 11\'8 x 11\'11 |
Building Details
| Heating | Heat Pump |
| Stories | -1 |
Additional Information
| Features | Other |
| View | Mountain view, Ocean view |
| Land Size | 6970 sqft |
| Building Type | House |
| Interior Size | 2451 sqft |
| Transaction | For sale |