$750,000
1400 Townsite Rd
Beds
6
Baths
2
Sqft
—
Year
1967
Location
See the block, not just the house.
Open the map for street view, commute checks, and nearby schools, groceries, mosques, parks, and transit stops.
About this home
See the mountains from your living room. This recently updated 6-bedroom home is located in central Nanaimo and offers an excellent opportunity for both homeowners and investors. Situated on a quarter-acre double lot with lane access, this is a rare find in Nanaimo. Neighbouring lots have already been subdivided, and the property presents strong redevelopment potential for multiplex or multifamily use. The home was renovated in 2018, including all new appliances. Recent updates include interior paint, a new roof, a new hot water tank, and more. Ideally located just minutes from Nanaimo Regional General Hospital and Vancouver Island University, the property is well positioned to attract both professionals and students. It is also conveniently located near both ferry terminals, with easy access to parks, shops, and other amenities. The property can be rented immediately for an impressive 5% cap rate. Plumbing is already in place downstairs, allowing for the addition of a secondary suite. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- Central Nanaimo
- Common interest
- Freehold
- Living area
- 2,275 square feet
- Lot size
- 10,312 square feet
- Lot dimensions
- 10312
- Parking
- 4 total
- Fireplace
- 1
- On market
- Feb 17, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $4,152.57
- Zoning
- Residential
- Photos
- 22
- MLS#
- 1026033
- Area
- NANAIMO
Features and systems
Appliances
Heating
Cooling
Lot
View
Cash on cash
-11.84%
Cap rate
3.52%
GRM
16.7
Break-even rent
$5,308
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanaimo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.