561 Fourth Street, University District, Nanaimo (1020080)

561 Fourth Street

University District, Nanaimo

3 Bedrooms

2 Bathrooms

3 Carport, On Street, RV Access/Parking Parking

1,556 sqft

$599,900

Browse Photos

About this House in University District

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 transform…ed 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!

Appliances Included:

F/S/W/D

Exterior Features Of 561 Fourth, University District, Nanaimo

Balcony/Deck, Fencing: Partial

Lot Features Of 561 Fourth, University District, Nanaimo

Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby

Location Features:

Basement, Transit Nearby

Listed by 460 Realty Inc. (NA).

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!