561 Fourth St, Nanaimo, BC, V9R 1T9

$599,900

MLS® # 1020080

House For Sale In Harewood, Nanaimo, British Columbia

$599,900

  • 3

    Bedrooms

  • 2

    Baths

  • 8712.00 Square Feet

    Lot Size

Property Information:

Attention investors, developers, and savvy buyers! This 3 bedroom, 2 bathroom fixer-upper is packed with potential in one of the most desirable locations in Nanaimo, just a short walk from the university, shops, and local amenities. Zoned for detached duplexes or a 4-plex, this property offers flexible redevelopment options with an active building permit and demolition permit already in place, saving you time and money. The existing home has solid bones and could be transformed into a great income-producing rental property with some renovation and creativity while you wait for the perfect time to build. Whether you’re looking to build new, expand your rental portfolio, or flip for profit, this property checks all the boxes: prime location, flexible zoning, and major permits ready to go. Opportunities like this are rare — don’t miss your chance to capitalize on this property that is priced below assessed value!

Property Features:

  • Bedrooms: 3
  • Bathrooms: 2
  • Annual Tax Amount: $3,798
  • Appliances: F/S/W/D
  • Basement: Crawl Space, Partially Finished
  • Building Features: Basement, Transit Nearby
  • Built in: 1955
  • Construction Materials: Frame Wood
  • Cooling: None
  • Exterior Features: Balcony/Deck, Fencing: Partial
  • Fireplace Features: Gas
  • Floor Space (approx): 1852 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Natural Gas
  • Laundry Features: In House
  • Lot Features: Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
  • Lot Frontage: 8712 Square Feet
  • Lot Size: 8712.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Carport, On Street, RV Access/Parking
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Contact List Licensee, Fixer, Resale
  • Property Sub Type:
  • Road Surface Type: Paved
  • Roof: Asphalt Shingle
  • Utilities: Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Recycling
  • Water Source: Municipal
  • Zoning Description: Residential
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 3

Rooms:

  • Dining Main Level 2.92 m x 2.44 m
  • Living Main Level 5.05 m x 4.47 m
  • Other Main Level 1.83 m x 2.49 m Note: Eating Area
  • Kitchen Main Level 2.74 m x 2.74 m
  • Family Room Main Level 2.92 m x 3.58 m
  • Other Main Level 3.66 m x 3.05 m
  • Bedroom Main Level 3.35 m x 2.03 m
  • Bathroom Main Level 2.18 m x 2.34 m
  • Other Main Level 5.26 m x 6.71 m Note: Carport
  • Recreation Room Other level :Lower 5.18 m x 3.66 m

Courtesy of: 460 Realty Inc. (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Additional Photos