$849,900
5378 Rutherford Rd
Beds
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Baths
—
Sqft
—
Year
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Type
Multi-family
Suite
Investment signal
Location 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.
About this home
DEVELOPERS ALERT! This Oceanview property has been rezoned R6 for multi-family purposes and sits on a half-acre lot — envision up to seven modern townhomes in a highly sought-after North Nanaimo location. Zoning allows multiple styles of mulit family dwellings, including townhomes, duplex's, detached duplex's, duplex's with suite or homes with suites. A builder is allowed up to 10,000 sqft of buildable interior space. The property currently includes a 1,300 sq ft rancher, fully wheelchair accessible, with 2 bedrooms, 2 bathrooms, an open-concept living area, and a spacious kitchen and dining space. Additional features include laundry, pantry, mudroom, and a two-car garage. Outside, the private backyard offers plenty of space for kids, gardening, and entertaining. With 200-amp service and RV parking, this property blends development potential with a comfortable, accessible home, all just minutes from shopping, dining, parks, and other North Nanaimo amenities — an ideal combination of lifestyle and investment. (id:65958)
- Subtype
- Multi-family
- Structure
- Multi-Family
- Community
- North Nanaimo
- Common interest
- Freehold
- Lot size
- 21,344 square feet
- Lot dimensions
- 21344
- Parking
- 10 total
- On market
- Apr 21, 2026
- Status changed
- Apr 22, 2026
- Annual tax
- $5,780
- Zoning
- Unknown
- Photos
- 54
- MLS#
- 1032962
- Area
- NANAIMO
Features and systems
Heating
Cooling
Lot
View
Cash on cash
-6.63%
Cap rate
3.54%
GRM
16.7
Break-even rent
$5,239
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: 4.5% rate, 30-year amortization, 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.
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 22, 2026.