$2,366,000
950 Bruce Ave
Beds
5
Baths
2
Sqft
—
Year
1920
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
Rare 1.96-acre opportunity in the heart of Nanaimo’s growing Harewood neighbourhood. Ideally positioned with dual access from Bruce Avenue and Alpen Way, this property offers excellent development potential in an area identified for increased residential density under the Harewood Neighbourhood Plan. The plan supports a mix of housing forms including multi-family, townhomes, and infill development (buyer to verify rezoning potential with the City of Nanaimo). The property is currently zoned R1 and features an existing 4-bedroom, 1-bath home along with a separate cabin, providing holding income or flexible living options. A detached garage adds further utility. Surrounded by ongoing growth, this location is just minutes from key amenities and is situated within a neighbourhood seeing continued investment and development. Adding to its appeal, the City has acquired approximately 5 acres of parkland directly behind the property, enhancing privacy and long-term livability. A unique opportunity to secure a large parcel with future potential in one of Nanaimo’s evolving communities. Measurements are approximate and should be verified if important. For further information please reach out to Travis Briggs at travis@travisbriggs.ca or 250-713-5501 (id:65958)
- Subtype
- Single Family
- Architectural style
- Character
- Structure
- House
- Community
- South Nanaimo
- Common interest
- Freehold
- Living area
- 1,485 square feet
- Lot size
- 1.96 acres
- Lot dimensions
- 1.96
- Parking
- 8 total
- On market
- Mar 19, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $7,345
- Zoning
- Residential
- Photos
- 55
- MLS#
- 1029140
- Area
- NANAIMO
Features and systems
Appliances
Heating
Cooling
Lot
Cash on cash
-11.41%
Cap rate
3.61%
GRM
16.7
Break-even rent
$16,562
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.