23 ALBION STREET - 4 Beds 2 Bath - $699,000

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$699,000
23 ALBION STREET
Nanaimo, British Columbia V9R1R6
MLS® Number: 1022920
4Beds
2Baths
1,658Sq Ft
2Parking
1956Year Built
Single FamilyType

About This Property

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 (id:64973)

Property Details

Bedrooms4
Bathrooms2
Living Area1,658 sq ft
Lot Size6229 (6,229 square feet)
Year Built1956
Property TypeSingle Family
Parking2
HeatingBaseboard heaters
CoolingNone
Annual Taxes$4,324
CityNanaimo
Postal CodeV9R1R6
MLS® #1022920

Location

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