GENERATIONAL QUALITY MEETS DEVELOPMENT OPPORTUNITY! This solid 1960-built family home has been lovingly maintained by the same family for 53 years - built to last with Vancouver Island Fir framing. Over 2000 sqft of comfortable living features 4 bedrooms, 1 bathroom, and spacious layouts perfect for growing families. The TRUE TREASURE is the massive 15,000+ sqft R5-zoned lot offering incredible flexibility! Dream of adding a coach house, exploring additional dwellings, or future subdivision potential - the oversized lot provides endless possibilities. Mature landscaping, private backyard oasis, established gardens, and prime South Nanaimo location close to schools and amenities make this a rare find. Whether you're seeking a forever family home or savvy investment opportunity, this exceptional property delivers both immediate comfort and exciting development potential for tomorrow. Don't miss this once-in-a-lifetime chance to own a piece of Nanaimo's finest residential land!
Data was last updated October 14, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
58
Avg list price:
$699,444
Min list price:
$299,000
Max list price:
$2,969,000
Avg days on market:
47
Min days on market:
4
Max days on market:
266
Avg price per sq.ft.:
$397.44
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations. This data is not produced by the MLS® system.