**Rare Double-Lot Investment Opportunity with Ocean Views priced Under $600,000!** A unique opportunity in Nanaimo’s University District, this income-producing property is situated on a double lot with two separate property titles and convenient laneway access. The main level offers just over 890 sq. ft. with two bedrooms, one bathroom, and a spacious living room that flows into the dining area and kitchen. The deck showcases scenic views of the Pacific Ocean, downtown Nanaimo, and the city’s picturesque harbourfront. The lower level provides approximately 743 sq. ft. of additional accommodation, featuring one bedroom, one bathroom, and its own living space, creating excellent flexibility for extended family, rental income, or a mortgage helper. Whether you are an experienced investor or a first-time buyer looking to enter the market, this property offers a rare combination of immediate income and long-term redevelopment potential. The two titled lots may provide future opportunities for single-family or duplex development, subject to zoning, municipal approvals, and buyer verification. Future rooftop deck designs could take full advantage of the impressive ocean and city views. Hard-to-find investment opportunities that make financial sense in today’s market are increasingly rare... this could be the one. Located just minutes from downtown Nanaimo, residents can enjoy locally owned restaurants, cafés, shopping, entertainment, the waterfront, and everyday amenities. Nearby BC Ferries and floatplane services also provide convenient connections to the Lower Mainland. This property is priced to sell and wont last long! Call or email Sean McLintock with MAC Real Estarte Group - RE/MAX Professionals for an Information Package 250-729-1766 or sean@seanmclintock.com (Measurements and information are approximate and should be independently verified if important.)
Address
611 First St
List Price
$599,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Character
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na University District
Bedrooms
3
Bathrooms
2
Floor Area
1,633 Sq. Ft.
Lot Size
7440 Sq. Ft.
Lot Size (Acres)
0.17 Ac.
Year Built
1948
MLS® Number
1044831
Listing Brokerage
REMAX Professionals (NA)
Basement Area
Finished
Postal Code
V9R 1Y8
Tax Amount
$4,062.74
Tax Year
2025
Features
Baseboard, Mixed
Amenities
Balcony/Deck, Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Fencing: Partial, Landscaped, Level, Marina Nearby, Near Golf Course, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Southern Exposure
