University District income property in South Nanaimo generating $4,350 per month in rental income. Located on a large, level, fully fenced corner lot with alley access and ample parking, this home is situated in a consistently high-demand rental area. Within walking distance to Vancouver Island University, University Village Mall, transit routes, and recreation facilities, and just minutes to downtown Nanaimo, the location supports strong long-term tenant appeal. The home offers a flexible layout with an unauthorized suite, and is equipped with a dual-zone heat pump to help manage operating costs. With tenants in place and a proven income stream, this property presents a solid opportunity for investors seeking reliable cash flow in a prime Nanaimo location. Measurements are approximate and should be verified if important.
Property Type:
Residential
Type:
Single Family Residence
Year built:
1973
(Age: 53)
Living Area:
1,966 sq. ft.183 m2
Listing General Location:
Na University District, Nanaimo
Bedrooms:
4
Bathrooms:
2.0
(Full:-/Half:-)
Lot Size:
5,766 sq. ft.536 m2
Kitchens:
2
Construction:
Frame Wood, Stucco
New Construction:
No
Basement:
Finished, Full
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Floor finish:
Mixed
Total Building Area:
1,966 sq. ft.183 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:
2
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
1
# Other Level Kitchens:
0
Living Area Lower Floor:
983 sq. ft.91.3 m2
Living Area Main Floor:
983 sq. ft.91.3 m2
Living Area Other Floor:
0 sq. ft.0 m2
Living Area 2nd Floor:
0 sq. ft.0 m2
Living Area 3rd Floor:
0 sq. ft.0 m2
Fireplaces:
0
Laundry Features:
Common Area, In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
Air Conditioning
Heating:
Baseboard
Fireplace:
No
F/S/W/D
Split 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:
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
Occupancy:
Tenant
Property Condition:
Resale
Exposure / Faces:
North
Layout:
Split Entry
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Driveway
Total Parking Spaces:
4
Date Listed:
Jan 02, 2026
Original Price:
699900.0
Photo 1 of 13
Rear view of property featuring stairs, a fenced backyard, stucco siding, a storage shed, and a wooden deck
View of side of property with stucco siding and a cooling unit
Listed by Real Broker B.C. Ltd. and Real Broker B.C. Ltd
Data was last updated January 29, 2026 at 08:05 PM (UTC)
Area Statistics
Listings on market:
32
Avg list price:
$709,100
Min list price:
$245,000
Max list price:
$1,280,000
Avg days on market:
78
Min days on market:
1
Max days on market:
373
Avg price per sq.ft.:
$380.59
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations. This data is not produced by the MLS® system.