Bought with Amandeep Singh William Wright Commercial Real Estate Services
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561 Fourth St Nanaimo, BC V9R 1T9
3 Beds
2 Baths
1,556 SqFt
Key Details
Sold Price -
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,556 sqft
MLS Listing ID 1020080
Sold Date -
Style Main Level Entry with Lower Level(s)
Bedrooms 3
HOA Y/N No
Year Built 1955
Annual Tax Amount $3,798
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Single Family Residence
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
Community Na University District
Area Nanaimo
Rooms
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
Garage Spaces 3.0
Utilities Available Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Recycling
View Y/N false
Roof Type Asphalt Shingle
Street Surface Paved
Total Parking Spaces 3
Garage No
Building
Lot Description Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
Foundation Concrete Perimeter
Sewer Sewer To Lot
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Ownership Freehold
Special Listing Condition Contact List Licensee, Fixer, Resale
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”