502 Elizabeth Street, University District, Nanaimo
New Listing

502 Elizabeth Street

University District, Nanaimo

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..

Read More

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..

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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

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lattitude: 49.16522234

longitude: -123.95480892

V9R 3C9


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