Opportunity awaits with this versatile Nanaimo property offering excellent redevelopment and investment potential. Situated on two separately titled lots with COR1 zoning, this unique offering opens the door to a variety of residential and commercial possibilities in a desirable central location. The existing 3-bedroom home offers a solid opportunity for renovation, ideal for buyers looking to update and create a comfortable residence while benefiting from the property's long-term upside. A large detached workshop adds exceptional value, perfect for hobbyists, tradespeople, or anyone needing substantial workspace separate from the home. MEASUREMENTS ARE ONLY APPROXIMATE, MUST BE VERIFIED IF IMPORTANT. With two legal lots and COR1 zoning, the property presents strong redevelopment or mixed-use potential (buyer to verify with the City of Nanaimo). Conveniently located close to amenities, transportation routes, and the Hospital, this is a rare opportunity to secure a flexible property with multiple paths for future value. (id:2493)
Data was last updated June 8, 2026 at 03:15 AM (UTC)
Area Statistics
Listings on market:
67
Avg list price:
$649,900
Min list price:
$199,900
Max list price:
$1,155,000
Avg days on market:
41
Min days on market:
1
Max days on market:
334
Avg price per sq.ft.:
$331.07
These statistics are generated based on the current listing's property type
and located in
Central Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
