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 8, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
124
Avg list price:
$647,950
Min list price:
$174,900
Max list price:
$21,000,000
Avg days on market:
43
Min days on market:
3
Max days on market:
463
Avg price per sq.ft.:
$410.26
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.
