Unlock the potential of this well-located duplex just steps from Vancouver Island University, offering both immediate income and future development upside. Featuring two spacious 2-bedroom units, this property delivers a solid return with Unit 1 rented at $1,700/month and Unit 2 at $1,800/month—a smart hold in a high-demand rental pocket. Set on a generous lot with alley access, the property presents excellent redevelopment or land-assembly potential. Each unit is thoughtfully laid out with large, bright windows, filling the interiors with natural light and creating warm, welcoming living spaces tenants love. The location is unbeatable—walking distance to VIU, University Village, Barsby Secondary, and NDSS, making this an ideal rental for students, families, and professionals alike. Properties like this don’t come up often in such a thriving, walkable neighborhood. Whether you’re an investor, developer, or land banker—this is an opportunity you don’t want to miss. Measurements approx, buyer to verify if fundamental to purchase (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Property Attached:
Yes
Total Living Area:
3,316 sq. ft.308 m2
Finished Area Above Grade:
1,658 sq. ft.154 m2
Zoning:
Duplex, R5
Taxes:
$4,324 /
-
Community:
South Nanaimo
Structure Type:
Duplex
Bedrooms:
4
Bathrooms:
2.0
Cooling:
None
Fireplace:
No
Heating:
Baseboard heaters
Lot Size:
6,229 sq. ft.579 m2
Lot Details:
6229
Lot Features:
Central location, Other
Parking:
Stall
Total Parking Spaces:
2
Floor
Type
Size
Other
Main level
Kitchen
11'3.35 m × 10'3.05 m
-
Main level
Bedroom
11'3.35 m × 8'2.44 m
-
Main level
Bedroom
12'3.66 m × 10'3.05 m
-
Main level
Living room
14'4.27 m × 13'3.96 m
-
Auxiliary Building
Kitchen
11'3.35 m × 11'3.35 m
-
Auxiliary Building
Bedroom
13'3.96 m × 10'3.05 m
-
Auxiliary Building
Bedroom
10'3.05 m × 8'2.44 m
-
Auxiliary Building
Living room
16'4.88 m × 13'3.96 m
-
Floor
Ensuite
Pieces
Other
Main level
No
-
4-Piece
Auxiliary Building
No
-
4-Piece
View of fenced backyard
View of front of home with stucco siding
Unfurnished room featuring a textured ceiling and light colored carpet
Empty room featuring light carpet and a textured ceiling
Data was last updated January 12, 2026 at 03:45 AM (UTC)
Area Statistics
Listings on market:
48
Avg list price:
$1,524,950
Min list price:
$149,000
Max list price:
$2,499,900
Avg days on market:
69
Min days on market:
1
Max days on market:
193
Avg price per sq.ft.:
$432.7
These statistics are generated based on the current listing's property type
and located in
South Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.