Central Nanaimo property offers a rare opportunity for investors or first-time buyers, featuring a home and detached shop situated on two legal lots, both zoned R5, allowing for medium-density residential development. Located near the hospital and Bowen Road’s commercial corridor, it’s ideally positioned for convenience and future growth. It’s equipped with a 200-amp electrical service and an 80-amp subpanel in the shop. The main level includes a kitchen, living room, sunroom, four-piece bathroom, master bedroom, and a second bedroom (no closet). The underheight lower level offers a third bedroom, family room (possible fourth bed), three-piece bathroom, laundry area, and storage. Outdoor features include a large covered deck (20x10) perfect for entertaining, fully fenced yard, patio, and a 25x20 garage/shop accessible from Boundary Crescent or the alley. Whether you choose to live in the home or rent it out, this property offers flexibility while you explore development possibilities.
Data was last updated April 19, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
100
Avg list price:
$514,700
Min list price:
$197,500
Max list price:
$1,195,000
Avg days on market:
48
Min days on market:
1
Max days on market:
285
Avg price per sq.ft.:
$421.72
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.