4 Bedrooms
4 Bathrooms
2 Open Parking
1,556 sqft
$699,900
About this Duplex in University District
This legal duplex offers excellent value for homeowners and investors alike. Perfectly situated near schools, parks, and major transportation routes, it provides unbeatable convenience in one of Nanaimo’s most sought-after rental areas. Each side offers 778 sq ft of well-designed living space with 2 bedrooms, 2 bathrooms, and a large laundry room—a layout always in high demand. The property is fully occupied with great tenants, providing immediate and reliable income.… Extensive updates offer peace of mind, including a newer roof, updated windows, modern flooring, improved perimeter drainage, fresh paint, and more. With schools and amenities just minutes away—Malaspina Pre-School (1 min), Fairview Elementary (2 min), NDSS (10 min), Nanaimo Ice Centre (14 min), and VIU (20 min)—the location appeals to families, students, and long-term renters. Whether you're seeking a strong portfolio addition or a home with rental income, this is a low-risk investment with excellent value.Appliances Included:
F/S/W/D
Listed by 2% Realty Pacific Coast Inc..
This legal duplex offers excellent value for homeowners and investors alike. Perfectly situated near schools, parks, and major transportation routes, it provides unbeatable convenience in one of Nanaimo’s most sought-after rental areas. Each side offers 778 sq ft of well-designed living space with 2 bedrooms, 2 bathrooms, and a large laundry room—a layout always in high demand. The property is fully occupied with great tenants, providing immediate and reliable income. Extensive updates offer peace of mind, including a newer roof, updated windows, modern flooring, improved perimeter drainage, fresh paint, and more. With schools and amenities just minutes away—Malaspina Pre-School (1 min), Fairview Elementary (2 min), NDSS (10 min), Nanaimo Ice Centre (14 min), and VIU (20 min)—the location appeals to families, students, and long-term renters. Whether you're seeking a strong portfolio addition or a home with rental income, this is a low-risk investment with excellent value.
Appliances Included:
F/S/W/D
Listed by 2% Realty Pacific Coast Inc..
Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: MLS® property information is provided under copyright© by the Victoria Real Estate Board & Vancouver Island Real Estate Board.
The information is from sources deemed reliable, but should not be relied upon without independent verification.
More Details
- MLS®: 1020451
- Bedrooms: 4
- Bathrooms: 4
- Type: Duplex
- Building: 502 Elizabeth Street, Nanaimo
- Square Feet: 1,556 sqft
- Lot Size: 5,940 sqft
- Taxes: $4,809 (2025)
- Parking: 2 Open
- Fireplaces: 0
- Year Built: 1954
More About University District, Nanaimo
lattitude: 49.16522234
longitude: -123.95480892
V9R 3C9