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561 Fourth St
Nanaimo
V9R 1T9
$599,000
Residential
beds: 3
baths: 2.0
1,556 sq. ft.
built: 1955
- Status:
- Sold
- Sold Date:
- Jan 15, 2026
- Sold Price:
- $599,000
- Sold in:
- 66 days
- Prop. Type:
- Residential
- MLS® Num:
- 1020080
- Bedrooms:
- 3
- Bathrooms:
- 2
- Year Built:
- 1955
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!
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1955 (Age: 71)
- Living Area:
- 1,556 sq. ft.
- Listing General Location:
- Na University District, Nanaimo
- Bedrooms:
- 3
- Bathrooms:
- 2.0 (Full:-/Half:-)
- Lot Size:
- 8,712 sq. ft.
- Kitchens:
- 1
- Taxes:
- $3,798 / 2024
- Building Features:
- Basement, Transit Nearby
- Construction:
- Frame Wood
- New Construction:
- No
- Basement:
- Crawl Space, Partially Finished
- Foundation:
- Concrete Perimeter
- Electricity:
- Yes
- Roof:
- Asphalt Shingle
- Floor finish:
- Mixed
- Total Building Area:
- 1,852 sq. ft.
- Total Unfinished Area:
- 296 sq. ft.
- # Bedrooms or Dens Total:
- 3
- # Main Level Bedrooms:
- 2
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 1
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 1
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 472 sq. ft.
- Living Area Main Floor:
- 1,084 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Gas
- Laundry Features:
- In House
- Water supply:
- Municipal
- Sewer:
- Sewer To Lot
- Cooling:
- None
- Heating:
- Natural Gas
- Fireplace:
- Yes
- Pending Date:
- Dec 04, 2025
- Date Sold:
- Jan 15, 2026
- F/S/W/D
- Balcony/Deck, Fencing: Partial
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Main Floor
- Dining Room
- 9'7" × 8'
- Main Floor
- Living Room
- 16'7" × 14'8"
- Main Floor
- Eating Area
- 8'2" × 6'
- Main Floor
- Kitchen
- 9' × 9'
- Main Floor
- Family Room
- 11'9" × 9'7"
- Main Floor
- Bedroom - Primary
- 12' × 10'
- Main Floor
- Bedroom
- 11' × 6'8"
- Main Floor
- Carport
- 22' × 19'1"
- Lower Level
- Rec Room
- 17' × 12'
- Lower Level
- Bedroom
- 13'1" × 12'
- Lower Level
- Laundry
- 28'8" × 9'2"
- Lower Level
- Storage
- 20' × 10'1"
- Floor
- Ensuite
- Pieces
- Other
- Main Floor
- No
- 4
- 7'8" x 7'2" 4-Piece
- Lower Level
- No
- 2
- 4'9" x 4'7" 2-Piece
- Assessed:
- 624000.0
- Assessment year:
- 2025
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Lot 20, Block 2, Plan VIP1737, Section 1, Nanaimo Land District
- Number of 2 piece baths:
- 1
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Property Condition:
- Contact List Licensee, Fixer, Resale
- Utilities:
- Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Recycling
- Exposure / Faces:
- See Remarks
- Layout:
- Main Level Entry with Lower Level(s)
- Lot Site Features:
- Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport, On Street, RV Access/Parking
- Total Parking Spaces:
- 3
- Road Surface Type:
- Paved
- Date Listed:
- Nov 10, 2025
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Listed by 460 Realty Inc. (NA), sold on January, 2026
Data was last updated April 1, 2026 at 04:05 PM (UTC)
- JEFF MEYER
- eXp Realty Canada
- 1.250.885.2047
- Info@VIREG.ca
