Brand-new pair fourplex on a quiet no-through street in North Nanaimo, one block from Woodgrove Centre. Two R5-zoned lots (42,546 sf combined) each hold a new 4-unit building — 8 self-contained 2-bed/2-bath suites, individually metered, with quartz counters, heat pumps, and radon mitigation. Built by Alair Homes, designed by Carma Design Group, Step Code 3. Steps from Home Depot, Real Canadian Superstore, and quick access to the Nanaimo Parkway, with noise-mitigating fencing keeping the site quiet. Nanaimo's rental vacancy sits at just 2.9%, with new supply down 40% year-over-year — a landlord's market. Projected market rent $2,750/unit/month; stabilized NOI $196,458; Full appraisal, drawings, and subdivision plan available on request.
Property Type:
Residential
Type:
Full Duplex
Year built:
2026
(Age: 0)
Living Area:
3,460 sq. ft.321 m2
Listing General Location:
Na Pleasant Valley, Nanaimo
Bedrooms:
2
Bathrooms:
4.0
(Full:-/Half:-)
Lot Size:
0 sq. ft.0 m2
Kitchens:
2
Taxes:
$7,207 /
2025
Construction:
Insulation All, Vinyl Siding, Wood
New Construction:
Yes
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Floor finish:
Carpet, Vinyl
Total Building Area:
3,460 sq. ft.321 m2
Total Unfinished Area:
0 sq. ft.0 m2
# Bedrooms or Dens Total:
4
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
4
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
2
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.0 m2
Living Area Main Floor:
1,891 sq. ft.176 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
1,569 sq. ft.146 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
0
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Heat Pump, Hot Water
Fireplace:
No
Dining Room, Dining/Living Combo
Main Level
0
Yes
No
Unrestricted
Floor
Type
Size
Other
Main Floor
Dining Room
14'8"4.47 m × 7'3"2.21 m
Main Floor
Walk-in Closet
7'7"2.31 m × 5'7"1.70 m
Main Floor
Dining Room
14'8"4.47 m × 7'3"2.21 m
Main Floor
Bedroom - Primary
12'8"3.86 m × 10'1"3.07 m
Main Floor
Kitchen
14'9"4.50 m × 7'10"2.39 m
Main Floor
Living Room
14'8"4.47 m × 8'3"2.51 m
Main Floor
Den
10'11"3.33 m × 10'11"3.33 m
Main Floor
Den
10'11"3.33 m × 10'11"3.33 m
Main Floor
Walk-in Closet
7'7"2.31 m × 5'7"1.70 m
Main Floor
Living Room
14'8"4.47 m × 8'3"2.51 m
Main Floor
Bedroom - Primary
12'8"3.86 m × 10'1"3.07 m
Main Floor
Kitchen
14'9"4.50 m × 7'10"2.39 m
Floor
Ensuite
Pieces
Other
Main Floor
No
3
3-Piece
Main Floor
No
4
4-Piece
Main Floor
No
3
3-Piece
Main Floor
No
4
4-Piece
Assessed:
430000.0
Assessment year:
2026
Association Fee Year:
2026
Jurisdiction name:
City of Nanaimo
Legal Description:
Proposed Lots 1 & 2 of: Lot 65, Section 8, Wellington,
District, Plan 24916 (PID: 002-835-151)
Number of 2 piece baths:
0
Number of 3 piece baths:
2
Number of 4 piece baths:
2
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
New Construction
Utilities:
Garbage, Natural Gas Connected, Phone Available
Exposure / Faces:
See Remarks
Layout:
Duplex Up/Down
Lot Site Features:
Central Location, Easy Access, Quiet Area, Recreation Nearby, Shopping Nearby
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway, On Street
Total Parking Spaces:
2
Total Units:
1
Date Listed:
Aug 14, 2026
Original Price:
4135000.0
Photo 1 of 8
Photo 2 of 8
Photo 3 of 8
Not exact layout, same colour scheme (no fireplace)
Not exact layout, same colour scheme (no fireplace)
Data was last updated August 14, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$619,000
Min list price:
$149,900
Max list price:
$2,799,000
Avg days on market:
46
Min days on market:
1
Max days on market:
171
Avg price per sq.ft.:
$406.91
These statistics are generated based on the current listing's property type
and located in
Na Pleasant Valley. Average values are
derived using median calculations. This data is not produced by
the MLS® system.