Renovated 5-Plex + Separate Legal Lot in Prime Old City Nanaimo. Rare opportunity to own a renovated 5-plex with a separately titled legal lot in Nanaimo’s sought-after Old City Area. Extensively updated since 2006, this income-producing property blends historic character with modern upgrades, making it a true turnkey investment. The building features five self-contained units, each with separate meters, laundry and hot water tanks, upgraded electrical, and strong rental appeal. Investors will appreciate the multiple income streams and long-term stability in this prime central location. The additional legal lot (prelim building plans available), zoned R14, offers exceptional flexibility-hold for future development, expand, or explore creative redevelopment options. Properties offering this level of income, condition, and upside potential rarely come to market.
An outstanding opportunity to secure a high-performing asset with future growth potential.
Property Type:
Residential
Type:
Quadruplex
Year built:
1948
(Age: 78)
Living Area:
5,061 sq. ft.470 m2
Main Building Living Area:
5,061 sq. ft.470 m2
Listing General Location:
Na Old City, Nanaimo
Bedrooms:
10
Bathrooms:
5.0
(Full:-/Half:-)
Lot Size:
9,405 sq. ft.874 m2
Kitchens:
5
Home Style:
Character
Building Features:
Basement, Bike Storage, Transit Nearby
Construction:
Frame Wood
New Construction:
No
Basement:
Partially Finished, Walk-Out Access, With Windows
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Other Structures:
Workshop
Floor finish:
Hardwood, Mixed
Total Building Area:
6,593 sq. ft.613 m2
Total Unfinished Area:
1,532 sq. ft.142 m2
# Bedrooms or Dens Total:
10
# Main Level Bedrooms:
4
# Second Level Bedrooms:
4
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
2
# Second Level Bathrooms:
2
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
2
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
2,424 sq. ft.225 m2
Living Area Main Floor:
2,406 sq. ft.224 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
1,763 sq. ft.164 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
2
Fireplace Details:
Living Room
Laundry Features:
In Unit
Water supply:
Municipal
Sewer:
Sewer Connected
Additional Accommodations:
Exists
Cooling:
None
Heating:
Baseboard
Fireplace:
Yes
Low Maintenance Yard
Mountain(s)
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
5
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Tenant
Property Condition:
Updated/Remodeled
Exposure / Faces:
West
Layout:
Main Level Entry with Lower/Upper Lvl(s)
Attached Garage:
Yes
Carport Spaces:
0
Garage Spaces:
3
Garage:
Yes
Parking Features:
Attached, Detached, Garage, Garage Double, On Street, RV Access/Parking
Data was last updated February 16, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
54
Avg list price:
$609,000
Min list price:
$249,900
Max list price:
$1,730,000
Avg days on market:
61
Min days on market:
5
Max days on market:
433
Avg price per sq.ft.:
$484.38
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.