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. All data and measurements are approximate, please verify. (id:47421)
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Detailed Information
Bathrooms
4
Features
Central location, Corner Site, Other, Marine Oriented
Listing Contract Date
2026-03-20
Municipal ID
006-597-505
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R8
Zoning
Multi-Family
Building
Appliances
Range - Electric, Refrigerator
Constructed Date
1971
Cooling Type
None
Heating Fuel
Electric
Heating Type
Baseboard heaters
Type
Fourplex
Rooms
Room
Level
Dimensions
Notes
Utility room
Lower level
5'2 x 3'8
Bathroom
Lower level
4-Piece
Kitchen
Lower level
9'2 x 7'11
Dining room
Lower level
9'2 x 5'9
Living room
Lower level
14'8 x 14'6
Bathroom
Lower level
4-Piece
Kitchen
Lower level
11'0 x 6'11
Dining room
Lower level
8'0 x 6'3
Living room
Lower level
15'1 x 12'5
Bathroom
Main level
4-Piece
Kitchen
Main level
9'3 x 8'4
Dining room
Main level
9'9 x 6'8
Living room
Main level
15'1 x 14'7
Bathroom
Main level
4-Piece
Kitchen
Main level
9'3 x 8'4
Dining room
Main level
9'9 x 6'8
Living room
Main level
15'1 x 14'7
Parking Spaces
Name
Spaces
Open
Land
Total Size
4356 square feet
Access Type
Road access
Size of Irregular Land
4356
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