For Sale · Nanaimo · Single Family

$640,000

1601 Townsite Rd, Nanaimo

Beds

Baths

1,963

Sq Ft

1948

Built

About This Home

The details.

Excellent investment opportunity in a prime central Nanaimo location just two blocks from the hospital, making it an ideal rental property for healthcare professionals and other nearby employees. Two self contained suites, each featuring 3 bedrooms and 1 bathroom, providing strong rental appeal and excellent income potential. Both units are occupied by reliable long term tenants, making this a true turnkey investment. With separate hydro meters, utility management is simple and efficient. Enjoy beautiful views of Mt. Benson from this desirable property, conveniently located close to shopping, schools, transit and other amenities. Whether you're looking to expand your investment portfolio or live in one suite while generating income from the other, this property offers outstanding flexibility and value. OCP designated ''Neighbourhood'' zoning with future multifamily development potential. (id:66635)

Summarizing the highlights...

MLS® 1041657Listing courtesy of Pemberton Holmes Ltd. (Pkvl)View on map

Property Details

Facts & features.

Property type: Single Family
Ownership: Freehold
Year built: 1948
Size: 1,963 sqft
Lot size: 10,509 square feet
Listed on: 2026-07-08
Days on market: 7
MLS number: 1041657
Data source: Vancouver Island Real Estate Board

July Value

What this home is worth.

Calculating a July Value estimate...

Realtor Recommended

JULY advisors for this home.

Bart Pukacz
Real Estate Advisor
Residential, Investment Properties, Presale Condos
Profile 604.721.1439
Han Lee
Real Estate Advisor
Residential, Investment Properties, Luxury Properties
Profile
Iñaki Sarmiento
Real Estate Advisor
Residential, Investment Properties
Profile 778.954.6254

My Notes

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Location

Where it sits.

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Run The Numbers

Mortgage and cash flow.

Mortgage calculator.

Home priceDown payment20%Rate (%)Amortization

Monthly mortgage payment

$2,993

$512,000 financed over 25 years at 5%. For guidance only, not a quote or approval.

Cash flow analysis.

Property tax / moMaintenance / moRental income / mo

Monthly cost (mortgage + tax + maintenance)

$2,993

Cash flow

-$2,993

Estimates for education only. Talk to a JULY advisor for real numbers on this home.

Nanaimo right now

218

Active listings

219

New this week

$749,900

Median asking price

Live snapshot from the MLS® feed. Sold-price history and trend charts arrive with our VOW data feed.

The Neighbourhood

Living in Nanaimo.

Household and demographic stats for Nanaimo, from the Statistics Canada 2021 Census.

99,863
Population (2021): 45.2
Median age: 43,165
Households: 2.3
Avg household size: 66.7%
Home ownership: $75,500
Median household income

Nanaimo market trends

Source: Statistics Canada 2021 Census, Nanaimo, City, British Columbia.

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Listing information is provided courtesy of the Canadian Real Estate Association's Data Distribution Facility (DDF®) and is deemed reliable but is not guaranteed accurate by JULY Realty or CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA.