This property offers strong rental income and excellent future potential in the heart of Nanaimo’s Old City. The current dwelling features eight individual studio units with shared bathrooms and laundry facilities, grossing over $6,100 per month in rental revenue. The property is comprised of two separately titled lots, providing an exceptional opportunity for future development—build an additional dwelling on the second lot (details to be confirmed with the City of Nanaimo). Convenient lane access adds further flexibility. Centrally located near downtown amenities, transit, and the waterfront, this property is an ideal addition to any investment portfolio. The home is listed on the heritage register as a non-protected property; it was originally the Dykes Residence. The current use with cooking facilities in each unit has non-conforming status, see more info from City on supplements. All data & measurements are approximate and must be verified if fundamental. (id:47421)
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Detailed Information
Bedrooms
8
Bathrooms
2
Features
Other
Listing Contract Date
2025-10-30
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R14
Zoning
Multi-Family
Building
Cooling Type
None
Heating Type
Forced air
Type
House
Rooms
Room
Level
Dimensions
Notes
Bathroom
Second level
3-Piece
Bedroom
Second level
15 ft x 14 ft
Bedroom
Second level
14 ft x 11 ft
Bedroom
Second level
14 ft x Measurements not available
Bedroom
Second level
15 ft x 14 ft
Laundry room
Main level
6'8 x 7'5
Bathroom
Main level
4-Piece
Bedroom
Main level
15'2 x 15'5
Bedroom
Main level
14'2 x 9'4
Bedroom
Main level
14'2 x 13'3
Bedroom
Main level
Measurements not available x 15 ft
Parking Spaces
Name
Spaces
Open
Land
Total Size
9405 square feet
Size of Irregular Land
9405
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