Fantastic investment opportunity in this legal 4-plex only 2 blocks to the waterfront walkway and Nanaimo Yacht Club. Located on one of the city’s most picturesque streets, in the Newcastle area, this property features four fully self-contained studio suites, each with a large private patio area for outdoor living. All four units have their own hot water tank and electrical meter, as well as plenty of parking for the landscaped corner lot. R8 multi-family zoning offers future development potential within walking distance of downtown and only minutes to Departure Bay ferry terminal. Generating over $46,000 gross revenue, this is a rare gem in a desirable area of Nanaimo’s evolving core.
Property Type:
Residential
Type:
Quadruplex
Year built:
1971
(Age: 55)
Living Area:
1,845 sq. ft.171 m2
Listing General Location:
Na Brechin Hill, Nanaimo
Bedrooms:
0
Bathrooms:
4.0
(Full:-/Half:-)
Lot Size:
4,356 sq. ft.405 m2
Kitchens:
4
Taxes:
$6,766 /
2025
Building Features:
Transit Nearby
Construction:
Frame Wood, Stucco
New Construction:
No
Basement:
Finished, Full, Walk-Out Access
Foundation:
Concrete Perimeter
Roof:
Asphalt Torch On
Floor finish:
Mixed
Total Building Area:
1,872 sq. ft.174 m2
Total Unfinished Area:
27 sq. ft.2.51 m2
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
2
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
2
# Other Level Kitchens:
0
Living Area Lower Floor:
936 sq. ft.87 m2
Living Area Main Floor:
936 sq. ft.87 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
0
Laundry Features:
None
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Baseboard, Electric
Fireplace:
No
Oven/Range Electric, Refrigerator
Vinyl Frames
Balcony/Patio, Fenced, Garden
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Living Room
15'1"4.60 m × 14'7"4.44 m
Main Floor
Dining Room
9'9"2.97 m × 6'8"2.03 m
Main Floor
Dining Room
9'9"2.97 m × 6'8"2.03 m
Main Floor
Kitchen
9'3"2.82 m × 8'4"2.54 m
Main Floor
Kitchen
9'3"2.82 m × 8'4"2.54 m
Main Floor
Living Room
15'1"4.60 m × 14'7"4.44 m
Lower Level
Dining Room
8'1"2.46 m × 8'2.44 m
Lower Level
Kitchen
11'3.35 m × 6'11"2.11 m
Lower Level
Living Room
15'1"4.60 m × 12'5"3.78 m
Lower Level
Dining Room
9'2"2.79 m × 5'9"1.75 m
Lower Level
Utility Room
5'2"1.57 m × 3'8"1.12 m
Lower Level
Living Room
14'8"4.47 m × 14'6"4.42 m
Lower Level
Kitchen
9'2"2.79 m × 7'11"2.41 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
Main Floor
No
4
4-Piece
Lower Level
No
4
4-Piece
Lower Level
No
4
4-Piece
Assessed:
756000.0
Assessment year:
2026
Jurisdiction name:
City of Nanaimo
Legal Description:
The Westerly 66 Feet of Lot 66, Block 3, Newcastle Townsite, Section 1, Nanaimo District, Plan 584
Data was last updated March 21, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
26
Avg list price:
$696,500
Min list price:
$319,000
Max list price:
$2,680,000
Avg days on market:
39
Min days on market:
1
Max days on market:
635
Avg price per sq.ft.:
$474.05
These statistics are generated based on the current listing's property type
and located in
Na Brechin Hill. Average values are
derived using median calculations. This data is not produced by
the MLS® system.