Located directly across from the University, this is a great little starter home or rental income property with loads of potential. Set on a generously sized lot with convenient laneway access, the property offers easy entry to the rear yard—ideal for multiple parking spots, outdoor entertaining, a children’s play area, pets, or future additions. This is a smart choice for first-time buyers, investors, or anyone looking for an affordable entry point into the market with room to grow. The home provides a comfortable and livable space as is, with strong revenue potential and excellent upside for future development opportunities, including the possibility of a lane-accessed carriage house (subject to local approvals). The location couldn’t be better—just steps from University Village Mall and right on a major bus route, offering quick access to shopping, dining, and transit. A rare find at this price point, offering flexibility, functionality, and a solid path toward long-term value. Showings are available Fridays and Saturdays from 1:00 PM to 3:00 PM by appointment only. Contact us today to schedule your private viewing. OR Purchase with the adjacent property 474 Wakesiah MLS #1007812 for future development such as student housing or condo project. All measurements and other data must be verified if deemed important. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Total Living Area:
540 sq. ft.50.2 m2
Finished Area Above Grade:
480 sq. ft.44.6 m2
Zoning:
Residential, COR1
Taxes:
$2,408.36 /
-
Community:
South Nanaimo
View:
Mountain view
Structure Type:
House
Appliances Included:
Washer, Refrigerator, Stove, Dryer
Home Style:
Character
Bedrooms:
2
Bathrooms:
1.0
Cooling:
None
Fireplace:
No
Heating:
Electric
Lot Size:
6,900 sq. ft.641 m2
Lot Details:
6900
Lot Features:
Central location, Level lot, Southern exposure, Other
Data was last updated November 8, 2025 at 06:15 AM (UTC)
Area Statistics
Listings on market:
58
Avg list price:
$789,000
Min list price:
$149,000
Max list price:
$2,499,900
Avg days on market:
38
Min days on market:
1
Max days on market:
149
Avg price per sq.ft.:
$302.78
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.
