BC > Nanaimo
Nanaimo, BC V9R 1T9,561 Fourth St
Nanaimo, BC V9R 1T9,561 Fourth St
Nanaimo, BC V9R 1T9,561 Fourth St
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$599,900
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3 Beds
2 Baths
1,556 SqFt
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561 Fourth St Nanaimo, BC V9R 1T9

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Scott Piercy

Scott Piercy

+1(250) 686-7789

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

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

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

Heat Source Natural Gas

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, Basement,Transit Nearby

Faces See Remarks

Foundation Poured Concrete

Sewer Sewer To Lot

Water Municipal

Structure Type Frame Wood

Others

Pets Allowed Yes

Tax ID 006-986-391

Ownership Freehold

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

Listed by 460 Realty Inc. (NA)

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Scott Piercy

Scott Piercy

Agent | License ID: 149414

+1(250) 686-7789

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561 Fourth St

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