561 Fourth St Active Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R1T9
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 1,852 sqft
Price per Sqft $323
Subdivision University District
MLS Listing ID 1020080
Bedrooms 3
Year Built 1955
Lot Size 8,712 Sqft
Acres 8712.0
Property Sub-Type Freehold
Source Vancouver Island Real Estate Board
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! (id:24570)
Location
Province BC
Zoning Residential
Rooms
Kitchen 1.0
Extra Room 1 Lower level Measurements not available x 20 ft Storage
Extra Room 2 Lower level 28'8 x 9'2 Laundry room
Extra Room 3 Lower level 4'7 x 4'9 Bathroom
Extra Room 4 Lower level Measurements not available x 12 ft Bedroom
Extra Room 5 Lower level 17 ft X 12 ft Recreation room
Extra Room 6 Main level 7'2 x 7'8 Bathroom
Interior
Cooling None
Fireplaces Number 1
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 3
Private Pool No
Others
Ownership Freehold