Welcome to 5568 Norasea Road, a unique, versatile, and turnkey property located in the highly desirable North Nanaimo area. Situated on a generous 0.21-acre lot, this property offers three separate units on one lot, an exceptional opportunity for investors, multi-generational living, or buyers seeking to generate substantial rental income.
The upper-level main home features a bright and functional layout with 2 bedrooms and 1.5 bathrooms, providing comfortable everyday living. Downstairs, you will find a well-appointed 1-bedroom, 1-bathroom in-law suite, ideal for extended family or added income.
What truly sets this property apart is the legal 2-bedroom, 1-bathroom suite attached to the home, a valuable feature that enhances both flexibility and long-term value.
Each of the three units is thoughtfully designed with independence in mind, offering separate entrances and individual laundry facilities, with no shared interior spaces. This ensures privacy for all occupants and makes the property highly attractive to tenants.
Outside, the 0.21-acre lot provides ample parking, an apple tree, and a layout that supports a variety of living arrangements, with room to comfortably accommodate multiple vehicles.
With an estimated rental potential of just under $6,000 per month and a prime location close to shopping, schools, parks, beaches, and everyday amenities, this turnkey property is a standout opportunity in today’s market. Data and measurements are approximate; please verify if important to the buyer.
Address
5568 Norasea Rd
List Price
$999,500
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na North Nanaimo
Bedrooms
5
Bathrooms
4
Floor Area
2,862 Sq. Ft.
Lot Size
9180 Sq. Ft.
Lot Size (Acres)
0.21 Ac.
Year Built
1984
MLS® Number
1031587
Listing Brokerage
REMAX Professionals (NA)
Basement Area
Finished, Walk-Out Access, With Windows
Postal Code
V9T 6S2
Tax Amount
$6,294.47
Tax Year
2025
Features
Baseboard, Electric, F/S/W/D, Mixed
Amenities
Central Location, Easy Access, Family-Oriented Neighbourhood, Recreation Nearby, Shopping Nearby
