About This Property
Character Home with Panoramic Ocean Views & Massive Development Upside! Welcome to a property that perfectly bridges Nanaimo’s charming history with its vibrant, modern future. This impeccably maintained 1,424 sq. ft. character home in South Nanaimo offers undeniable curb appeal and some of the most active harbor views in the city—stretching from Protection Island all the way to Duke Point. The Residence: Step inside to find a home that balances ''old-world'' soul with extensive modern infrastructure. The main floor features a spacious living and dining area, leading into a bright, open-concept kitchen with an adjoining sitting room. Work from home in the dedicated office space, which leads to a cozy sunroom. From there, French doors open onto a massive 19x12 sundeck— perfect for summer BBQs while watching the seaplanes and ferries navigate the harbour. The home is mechanically sound with a new electrical furnace, heat pump, venting, panel (2018), and updated plumbing/wiring. Bonus spaces abound: a stand-up attic ready for a loft conversion and a 2017-built self-contained studio with an outdoor hot water shower—perfect for guests or student housing. The fully fenced backyard is an urban oasis featuring three apple trees and a grape arbor dripping with delicious green grapes. The Neighborhood & Future Value: Located just two blocks from Downtown and Port Place Mall (Thrifty Foods, London Drugs, and the Waterfront Seawalk), you are at the heart of Nanaimo’s rejuvenation. The brand-new strata condo buildings next door have transformed the streetscape into a polished, modern community. Development Potential: Zoned R8 (Medium Density Residential), this lot is a developer’s dream. The zoning allows for a multi-level, 4-6 unit apartment building up to 5,445 sq. ft (buyer verify with city). Whether you choose to enjoy this coastal character home today or capitalize on the high-density potential of tomorrow, this is a blue-chip holding in a rapidly appreciating area. (id:64973)
The $422 per square foot price tag is competitive compared to the Nanaimo market average, making this character home an attractive option for buyers seeking a unique property with panoramic ocean views. This property would be well-suited for a buyer looking to capitalize on the "massive development upside" mentioned, whether as a primary residence or an investment opportunity in the vibrant South Nanaimo neighbourhood.
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Rose Marie Manno is a 5-star rated REALTOR® serving Metro Vancouver & the Fraser Valley.
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