Description
**Rare Double-Lot Investment Opportunity w/ Ocean Views under $600,000! & income producing house+ additional accommodation!** Exceptional opportunity in Nanaimo's University District. **two separately titled lots** w/ convenient laneway access, offering immediate rental income & outstanding future potential. Main level features 2 bedrms, 1 bathrm, an open living & dining area, + ocean, city & harbour views from the deck. Lower level offers a self-contained 1-bedrm, 1-bath accommodation, ideal as mortgage helper / investment property. Whether you're an investor or first-time buyer, this property combines affordability w/ redevelopment potential. Two titled lots may offer future single-family or duplex development opportunities, subject to zoning & municipal approvals. Conveniently located minutes from VIU, shopping, restaurants, the waterfront, BC Ferries & floatplane service. Rare opportunity offering exceptional value & long-term upside.(Buyer to verify all information if important)
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1044831 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na University District |
| Postal Code | V9R 1Y8 |
| Property Taxes | $4,062.74 (2025) |
| Parking Total | 6 |
| Facing | Southeast |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Baseboard |
| Exterior Features | Balcony/Deck,Fencing: Partial |
| Construction | Frame Wood,Stucco |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | Finished |
| Laundry | Common Area |
| Listed Date | Aug 8, 2026 |
| Ownership | Freehold |
| Lot Size | 0.17 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bedroom | Main level | 10\'6 x 9\'6 | |
| Bedroom | Main level | 11\'10 x 11\'6 | |
| Dining room | Main level | 14\'1 x 7\'1 | |
| Kitchen | Main level | 9\'1 x 15\'3 | |
| Living room | Main level | 15\'0 x 13\'1 |
Building Details
| Architectural Style | Character |
| Heating | Baseboard heaters |
| Stories | -1 |
Additional Information
| Features | Central location, Level lot, Southern exposure, Partially cleared, Other, Rectangular, Marine Oriented |
| View | Mountain view, Ocean view |
| Land Size | 7440 sqft |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 1633 sqft |
| Transaction | For sale |