Affordable Opportunity with Redevelopment Potential – COR1 Zoning. This two-bedroom, one-bath home on Nicol Street offers a unique opportunity for the right buyer. The property is well-suited for future redevelopment or land assembly, making it a solid holding investment. The home itself could benefit from some TLC and presents a great chance for a first-time buyer or handy investor to build sweat equity. Access is by easement via the neighboring lot from the alley. The property includes two outbuildings — one approximately 8x12, and another that’s in rougher condition but may be salvageable. This is a great fit for someone with vision who isn’t afraid of a of work. Priced accordingly to reflect the current condition and future potential.
Property Type:
Residential
Type:
Single Family Residence
Living Area:
735 sq. ft.68.3 m2
Listing General Location:
Na South Nanaimo, Nanaimo
Bedrooms:
2
Bathrooms:
1.0
(Full:-/Half:-)
Lot Size:
4,719 sq. ft.438 m2
Lot Details:
33 x 143
Kitchens:
1
Taxes:
$2,688 /
2024
Construction:
Frame Wood, Wood
New Construction:
No
Basement:
Not Full Height
Foundation:
Other
Roof:
Asphalt Shingle
Levels:
1
Other Structures:
Workshop
Floor finish:
Mixed
Total Building Area:
735 sq. ft.68.3 m2
Total Unfinished Area:
0 sq. ft.0 m2
# Bedrooms or Dens Total:
2
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# 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:
0 sq. ft.0 m2
Living Area Main Floor:
735 sq. ft.68.3 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:
0
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Forced Air, Natural Gas
Fireplace:
No
Ground Level
Floor
Type
Size
Other
Main Floor
Bedroom - Primary
13'3.96 m × 11'3.35 m
Main Floor
Living Room
23'7.01 m × 11'2"3.40 m
Main Floor
Bedroom
11'3.35 m × 10'3.05 m
Main Floor
Kitchen
12'10"3.91 m × 11'2"3.40 m
Main Floor
Laundry
10'3.05 m × 6'1.83 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
Assessed:
415900.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
THE SOUTHERLY 1/2 OF LOT 3, BLOCK YOUNG, SECTION 1, NANAIMO DISTRICT, PLAN 584
Listed by Ken Welte of Sutton Group-West Coast Realty (Nan)
Data was last updated July 24, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
128
Avg list price:
$642,450
Min list price:
$174,900
Max list price:
$21,000,000
Avg days on market:
50
Min days on market:
1
Max days on market:
479
Avg price per sq.ft.:
$402.51
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.
