MLS® property information is provided under copyright© by the Victoria and Vancouver Island Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website must only be used by consumers for the purpose of locating and purchasing real estate.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.
*Where indicated, "PREC" means Personal Real Estate Corporation.
© 2026 IslandSold.com - Vancouver Island Real Estate. All rights reserved.
This 3 bedroom, 2 bathroom single family is listed for sale at $599,900 in Nanaimo, British Columbia. The property offers 1633.00 square feet of living space. Built in 1948. Lot size: 7,405 sq ft (0.17 acres).MLS® #1044831.
**Rare Double-Lot Investment Opportunity w/ Ocean Views under $600,000! & income producing house+ additional accommodation!** Exceptional opportunity in Nanaimo's University District. **two separately titled lots** w/ convenient laneway access, offering immediate rental income & outstanding future potential. Main level features 2 bedrms, 1 bathrm, an open living & dining area, + ocean, city & harbour views from the deck. Lower level offers a self-contained 1-bedrm, 1-bath accommodation, ideal as mortgage helper / investment property.
Whether you're an investor or first-time buyer, this property combines affordability w/ redevelopment potential. Two titled lots may offer future single-family or duplex development opportunities, subject to zoning & municipal approvals. Conveniently located minutes from VIU, shopping, restaurants, the waterfront, BC Ferries & floatplane service.
Rare opportunity offering exceptional value & long-term upside.(Buyer to verify all information if important)
Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,residential properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
Property Type
Single Family
Year Built
1948
Interior Size
1,633 sq ft
Lot Size
7,405 sq ft(0.17 acres)
Bedrooms
3
Bathrooms
2
Kitchens
Area
Nanaimo
Neighborhood
University District
Listed
Aug 8, 2026
MLS® Number
#1044831
View comprehensive market analysis for First St including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View First St Market Report**Rare Double-Lot Investment Opportunity w/ Ocean Views under $600,000! & income producing house+ additional accommodation!** Exceptional opportunity in Nanaimo's University District. **two separately titled lots** w/ convenient laneway access, offering immediate rental income & outstanding future potential. Main level features 2 bedrms, 1 bathrm, an open living & dining area, + ocean, city & harbour views from the deck. Lower level offers a self-contained 1-bedrm, 1-bath accommodation, ideal as mortgage helper / investment property.
Whether you're an investor or first-time buyer, this property combines affordability w/ redevelopment potential. Two titled lots may offer future single-family or duplex development opportunities, subject to zoning & municipal approvals. Conveniently located minutes from VIU, shopping, restaurants, the waterfront, BC Ferries & floatplane service.
Rare opportunity offering exceptional value & long-term upside.(Buyer to verify all information if important)

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Nanaimo community, including the University District neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$4,500
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
Learn about the Prepared Buyer Program →Discover other great communities in the area
Explore the property location and surrounding area

Nanaimo, BC
3 bed · 3.0 bath · 2,243 sf · New
Single Family
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
3 bed · 2.0 bath · 1,293 sf · 1 days
Condo
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
6 bed · 4.0 bath · 3,170 sf · 1 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
3 bed · 3.0 bath · 1,513 sf · 1 days
Townhouse
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
3 bed · 2.0 bath · 1,246 sf · 1 days
Condo
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
6 bed · 2.0 bath · 2,668 sf · 1 days
Full Duplex
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
3 bed · 2.0 bath · 1,330 sf · 1 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
5 bed · 3.0 bath · 3,050 sf · 1 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
1 bed · 1.0 bath · 665 sf · 1 days
Condo
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
4 bed · 3.0 bath · 3,907 sf · 1 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
2 bed · 2.0 bath · 938 sf · 1 days
Manufactured Home
MLS® Reciprocity listing
MLS® Reciprocity
Nanaimo, BC
4 bed · 3.0 bath · 2,066 sf · 1 days
Single Family
MLS® Reciprocity listing
MLS® Reciprocity
Duncan, BC
3 bed · 3.0 bath · 1,904 sf
Townhouse
Courtesy of Sotheby's International Realty Canada (Vic2)
MLS® Reciprocity
Mill Bay, BC
6 bed · 3.0 bath · 2,809 sf
Single Family Residence
Courtesy of RE/MAX Generation - The Neal Estate Group
MLS® Reciprocity
Duncan, BC
3 bed · 3.0 bath · 1,893 sf
Townhouse
Courtesy of Sotheby's International Realty Canada (Vic2)
MLS® Reciprocity
Duncan, BC
3 bed · 3.0 bath · 1,840 sf
Townhouse
Courtesy of Sotheby's International Realty Canada (Vic2)
MLS® Reciprocity
Chemainus, BC
3 bed · 3.0 bath · 3,604 sf
Single Family Residence
Courtesy of D.F.H. Real Estate Ltd. (CwnBy)
MLS® Reciprocity
Pender Island, BC
2 bed · 2.0 bath · 1,060 sf
Single Family Residence
Courtesy of Macdonald Realty Victoria
MLS® Reciprocity