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$634,900
6 Beds ⋅ 6 Baths ⋅ 1040315 MLS
– 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!

58 Pine St, Nanaimo

Courtesy of Pemberton Holmes Ltd. (Cow Vall)

$699,000
3 Beds ⋅ 2 Baths ⋅ 1036561 MLS
This downtown Nanaimo property offers a rare opportunity for small to mid-scale developers entering the multi-family market. While currently generating rental income as a single-family home, its true value lies in the approved development permit for a fourplex with four three-bedroom units. Each unit features a family-friendly layout, private exterior balcony, and townhouse-style entry. Two units will enjoy limited ocean views. This design balances privacy and community—features today’s buyers value. New three-bedroom builds are scarce in Nanaimo, making this project especially appealing. It meets all required parking and exemplifies “missing middle” housing by delivering practical density without sacrificing livability. With approvals in place and attractive floorplans, this is an excellent build-to-sell or build-to-hold opportunity in a market with high demand and low supply. Measurements Approx. Verify if important.

532 Prideaux St, Nanaimo

Courtesy of Real Broker

$549,000
2 Beds ⋅ 1 Baths ⋅ 1029437 MLS
Discover your new home in this cozy 2-bedroom, 1-bath home nestled on a spacious 5,412 square foot lot. This property features a large unfinished basement, offering ample storage space or the exciting possibility of a secondary suite – perfect for guests or rental income! Step outside to enjoy a generous deck that overlooks a fully fenced backyard, ideal for entertaining family and friends or simply relaxing in your own private oasis. Conveniently located within walking distance to all levels of schools, shopping, and parks, this home is perfect for families and those seeking a vibrant community lifestyle. Don’t miss out on this fantastic opportunity! Contact us today for more details and to schedule a viewing. Vendor financing may be available.

640 Campbell St, Nanaimo

Courtesy of REMAX Professionals (LD)

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