Discover 308 Harewood Rd, a smart investment or development in Nanaimo’s vibrant corridor. This property offers a 3-bedroom, 1-bathroom main residence plus a separate 2-bedroom, 1-bathroom legal suite—ideal for mortgage support through rental income. Situated on a rare lot with multiple road frontages and zoned COR1 (Residential Corridor), the development potential is enormous. The COR1 designation allows small-scale multi-family or mixed-use projects, making this a canvas for future redevelopment or continued income generation, tenants in both units help cover costs, while you plan your redevelopment project. Location is prime: a short walk to Vancouver Island University, plus nearby shopping, parks and transit. Whether you’re an investor eyeing growth or a homeowner seeking extra revenue and future flexibility, this versatile Nanaimo property has it all. Embrace the opportunity of multi-use zoning, supportive income, and unbeatable location. (id:47421)
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Detailed Information
Bedrooms
5
Bathrooms
2
Features
Central location, Cul-de-sac, Other
Listing Contract Date
2026-02-17
Municipal ID
005-496-543
Ownership Type
Freehold
# of Parking Spaces
6
Property Type
Single Family
Transaction Type
For sale
Zoning Description
COR1
Zoning
Residential/Commercial
Building
Constructed Date
1964
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
1
Heating Fuel
Electric
Heating Type
Baseboard heaters, Forced air
Type
House
Rooms
Room
Level
Dimensions
Notes
Bathroom
Lower level
3-Piece
Laundry room
Lower level
12'6 x 10'4
Bedroom
Lower level
Measurements not available x 11 ft
Bedroom
Lower level
11'10 x 12'9
Living room
Lower level
Measurements not available x 11 ft
Kitchen
Lower level
12'10 x 16'11
Bathroom
Main level
4-Piece
Bedroom
Main level
9'10 x 8'6
Bedroom
Main level
12'9 x 8'11
Primary Bedroom
Main level
11'10 x 10'2
Entrance
Main level
4'8 x 8'2
Living room
Main level
18'3 x 12'9
Kitchen
Main level
11'11 x 14'7
Land
Total Size
6996 square feet
Access Type
Road access
Size of Irregular Land
6996
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