Investor Alert – Income Property in Central Nanaimo! Located in the heart of Nanaimo’s historic Old City, this versatile property offers rental potential and zoning flexibility (R14 – Old City Low Density/Fourplex). The updated main level features charming character with 2-bedroom, 1-bath main living & peek-a-boo ocean views from the back deck. Downstairs there are four bedroom/studio-style rental units, each with its own entrance and 2-piece bath (no kitchens), shared laundry and shower facilities and common room, perfect for rental income, student housing or group home arrangement. Set in an established neighbourhood of character homes, within easy access to Vancouver Island university, Bowen Park, downtown, waterfront, transit, amenities & more. A rare opportunity to generate multiple income streams while you live on the main level and rent the rest!
Listed by Pemberton Holmes Ltd. (Ldy) and Pemberton Holmes Ltd. (Lk Cow)
Data was last updated November 5, 2025 at 08:05 AM (UTC)
Area Statistics
Listings on market:
58
Avg list price:
$564,900
Min list price:
$249,900
Max list price:
$1,190,000
Avg days on market:
65
Min days on market:
6
Max days on market:
330
Avg price per sq.ft.:
$519.51
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
