Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.More details
This downtown Nanaimo property offers a rare opportunity for small to mid-scale developers entering the multi-family market. While currently generating rental income as a single-family home, its true value lies in the approved development permit for a fourplex with four three-bedroom units. Each unit features a family-friendly layout, private exterior balcony, and townhouse-style entry. Two units will enjoy limited ocean views. This design balances privacy and community—features today’s buyers value. New three-bedroom builds are scarce in Nanaimo, making this project especially appealing. It meets all required parking and exemplifies “missing middle” housing by delivering practical density without sacrificing livability. With approvals in place and attractive floorplans, this is an excellent build-to-sell or build-to-hold opportunity in a market with high demand and low supply. Measurements Approx. Verify if important.More details
Prime investment opportunity! This 6-plex, nestled in the heart of the historic Old City, boasts DT8 zoning, offering a versatile canvas for future development. Currently a great holding property, it promises not only immediate returns but also the potential for significant appreciation in the evolving real estate landscape. Don't miss the chance to secure your stake in this strategically located gem! Floorplan's were only taken for two units - buyer's to verify measurements if important and/or not provided on the MLS listing page.More details
Charming Character Home with Development Potential on Nanaimo’s Prettiest Street
Located on the iconic, tree-lined Kennedy Street—widely regarded as one of Nanaimo’s most beautiful and desirable neighborhoods—this charming property blends timeless character with rental income potential.
The existing home features 4 bedrooms and 2 full bathrooms, offering a warm and inviting space perfect for homeowners or as a reliable rental income property. You'll love the preserved old-world architectural details and the spacious, mature yard—ideal for children, pets, or outdoor entertaining.
But the opportunity doesn’t stop there: for investors and developers, an approved Development Permit is already in place for a unique live-work complex, including two single-family homes and one duplex. Whether you're looking for a move-in-ready home in a standout location or seeking a promising development site, this property is a rare find in the heart of Nanaimo.More details
Welcome to 206 - 158 Promenade Drive in the Gabriola Building at Cameron Island. This 2 bedroom, 2 bathroom condo offers 1,072 sq ft of functional living space with ocean views in one of Nanaimo’s most desirable waterfront communities. The open concept living and dining areas are filled with natural light, while the kitchen provides ample storage and meal preparation space. The primary bedroom includes its own ensuite, and a second bedroom and full bath add flexibility for guests or a home office. Built of concrete, the Gabriola Building offers quality construction, secure underground parking, and a prime location just steps from the seawall, Port Theatre, restaurants, cafés and shopping. A rare bonus is the building’s pet-friendly policy - both cats and dogs are welcome (one dog or one cat, see bylaws), making it easy to enjoy city living with your furry companions. Priced at $578,900, this home combines convenience, comfort, and lifestyle in the heart of downtown Nanaimo.More details