Homes for sale - 561 Fourth St, Nanaimo, BC V9R 1T9

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Dallas King

dallas@victoriahomes.com +1(250) 858-5465

$599,900

Est. payment - /mo

3 Beds

2 Baths

1,556 SqFt

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Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Pending

Purchase Type For Sale

Square Footage 1,556 sqft

Price per Sqft $385

MLS Listing ID 1020080

Style Main Level Entry with Lower Level(s)

Bedrooms 3

Rental Info Unrestricted

Year Built 1955

Annual Tax Amount $3,798

Tax Year 2024

Lot Size 8,712 Sqft

Acres 0.2

Property Sub-Type Single Family Detached

Property Description

Attention investors, developers, and savvy buyers! This 3 bedroom, 2 bathroom fixer-upper is packed with potential in one of the most desirable locations in Nanaimo, just a short walk from the university, shops, and local amenities. Zoned for detached duplexes or a 4-plex, this property offers flexible redevelopment options with an active building permit and demolition permit already in place, saving you time and money. The existing home has solid bones and could be transformed into a great income-producing rental property with some renovation and creativity while you wait for the perfect time to build. Whether you're looking to build new, expand your rental portfolio, or flip for profit, this property checks all the boxes: prime location, flexible zoning, and major permits ready to go. Opportunities like this are rare — don't miss your chance to capitalize on this property that is priced below assessed value!

Location

Province BC

County Nanaimo, City Of

Area Na University District

Direction See Remarks

Rooms

Basement Crawl Space, Partially Finished

Main Level Bedrooms 2

Kitchen 1

Interior

Heating Natural Gas

Cooling None

Flooring Mixed

Fireplaces Number 1

Fireplaces Type Gas

Fireplace Yes

Appliance F/S/W/D

Laundry In House

Exterior

Exterior Feature Balcony/Deck, Fencing: Partial

Parking Features Carport, On Street, RV Access/Parking

Carport Spaces 1

Utilities Available Cable Available, Electricity Available, Natural Gas To Lot, Phone Available, Recycling

Roof Type Asphalt Shingle

Total Parking Spaces 3

Building

Lot Description Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby

Building Description Frame Wood, Main Level Entry with Lower Level(s)

Faces See Remarks

Foundation Poured Concrete

Sewer Sewer To Lot

Water Municipal

Structure Type Frame Wood

Others

Tax ID 006-986-391

Ownership Freehold

Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs

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Listed by 460 Realty Inc. (NA)

As markets shift, you need an agent with the right connections, technology and strategies to achieve your home buying or selling vision.

Whether you’re feeling overwhelmed and want someone to take the wheel, or you just need a second opinion and you have it covered, you can be rest assured a RE/MAX agent is the right agent for any level of service, in any market condition.

+1(250) 858-5465

dallas@victoriahomes.com

202-3440 Douglas St, Victoria, V8Z, 3L5, Canada

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561 Fourth St Nanaimo, BC V9R 1T9