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
Taxes:
$8,308 /
2024
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
Floor
Type
Size
Other
Main Floor
Kitchen
19'3"5.87 m × 10'5"3.18 m
Main Floor
Bedroom - Primary
13'4"4.06 m × 11'7"3.53 m
Main Floor
Bedroom
12'3.66 m × 10'4"3.15 m
Main Floor
Laundry
3'11"1.19 m × 3'2".97 m
Main Floor
Family Room
11'11"3.63 m × 10'7"3.23 m
Main Floor
Living Room
12'10"3.91 m × 11'11"3.63 m
Main Floor
Dining Room
11'8"3.56 m × 10'9"3.28 m
Main Floor
Kitchen
13'9"4.19 m × 10'4"3.15 m
Main Floor
Bedroom
11'9"3.58 m × 10'4"3.15 m
Main Floor
Bedroom - Primary
13'2"4.01 m × 11'7"3.53 m
Main Floor
Laundry
3'11"1.19 m × 3'2".97 m
Main Floor
Dining Room
16'3"4.95 m × 11'5"3.48 m
Main Floor
Family Room
11'11"3.63 m × 10'7"3.23 m
Main Floor
Living Room
12'10"3.91 m × 11'5"3.48 m
2nd Floor
Kitchen
12'5"3.78 m × 8'9"2.67 m
2nd Floor
Living Room
17'11"5.46 m × 11'4"3.45 m
2nd Floor
Bedroom
10'4"3.15 m × 8'11"2.72 m
2nd Floor
Laundry
3'.91 m × 3'.91 m
2nd Floor
Laundry
3'.91 m × 3'.91 m
2nd Floor
Kitchen
12'2"3.71 m × 9'9"2.97 m
2nd Floor
Entrance
11'4"3.45 m × 4'5"1.35 m
2nd Floor
Entrance
11'4"3.45 m × 4'5"1.35 m
2nd Floor
Bedroom
10'1"3.07 m × 8'11"2.72 m
2nd Floor
Bedroom - Primary
13'3.96 m × 11'4"3.45 m
2nd Floor
Living Room
17'11"5.46 m × 11'4"3.45 m
2nd Floor
Bedroom
10'4"3.15 m × 8'11"2.72 m
Lower Level
Kitchen
13'6"4.11 m × 11'5"3.48 m
Lower Level
Bedroom
11'5"3.48 m × 8'11"2.72 m
Lower Level
Bedroom - Primary
12'11"3.94 m × 10'2"3.10 m
Lower Level
Living Room
19'9"6.02 m × 12'5"3.78 m
Lower Level
Eating Area
7'10"2.39 m × 5'6"1.68 m
Lower Level
Workshop
25'4"7.72 m × 14'9"4.50 m
Lower Level
Garage
26'3"8.00 m × 18'3"5.56 m
Lower Level
Utility Room
18'5"5.61 m × 12'5"3.78 m
Floor
Ensuite
Pieces
Other
Main Floor
No
4
4-Piece
Main Floor
No
4
4-Piece
2nd Floor
No
4
4-Piece
2nd Floor
No
4
4-Piece
Lower Level
No
4
4-Piece
Assessed:
1276000.0
Assessment year:
2026
Gross Income:
9100.0
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 14, BLOCK F, PLAN VIP584, SECTION 1, NANAIMO LAND DISTRICT, PORTION SECTION C, LYING TO THE SE OF A BOUNDARY PARALLEL TO & PERPENDICULARLY DISTANT 66 FT FROM THE NW BOUNDARY & LOT 14, BLOCK F, PLAN VIP584, SECTION 1, NANAIMO LAND DISTRICT, PORTION SECTION D, LYING TO THE SE OF A BOUNDARY PARALLEL TO & PERPENDICULARLY DISTANT 66 FT FROM THE NW BOUNDARY
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 April 14, 2026 at 12:05 PM (UTC)
Area Statistics
Listings on market:
53
Avg list price:
$644,000
Min list price:
$249,900
Max list price:
$1,730,000
Avg days on market:
49
Min days on market:
5
Max days on market:
490
Avg price per sq.ft.:
$486.22
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.