Unlock the potential of this well-located duplex just steps from Vancouver Island University, offering both immediate income and future development upside. Featuring two spacious 2-bedroom units, this property delivers a solid return with Unit 1 rented at $1,700/month and Unit 2 at $1,800/month—a smart hold in a high-demand rental pocket.
Set on a generous lot with alley access, the property presents excellent redevelopment or land-assembly potential. Each unit is thoughtfully laid out with large, bright windows, filling the interiors with natural light and creating warm, welcoming living spaces tenants love.
The location is unbeatable—walking distance to VIU, University Village, Barsby Secondary, and NDSS, making this an ideal rental for students, families, and professionals alike. Properties like this don’t come up often in such a thriving, walkable neighborhood.
Whether you’re an investor, developer, or land banker—this is an opportunity you don’t want to miss. Measurements approx, buyer to verify if fundamental to purchase
Address
23 Albion St
List Price
$699,000
Property Type
Residential
Type of Dwelling
Full Duplex
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na South Nanaimo
Bedrooms
4
Bathrooms
2
Floor Area
1,658 Sq. Ft.
Lot Size
6229 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
Year Built
1956
MLS® Number
1022920
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Basement Area
Crawl Space
Postal Code
V9R 1R6
Tax Amount
$4,324.00
Tax Year
2025
Features
Baseboard
Amenities
Central Location, Family-Oriented Neighbourhood, Quiet Area, Recreation Nearby, Wheelchair Friendly
