486 Wakesiah Ave, NANAIMO

2025-07-30
 

Quick Summary

Location
486 Wakesiah Ave, NANAIMO, British Columbia V9R3K9
Price
$485,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
540 sqft
Bedrooms:
2
Bathrooms:
1
Year of Construction:
1948

MLS®#1008818

Property Description

Located directly across from the University, this is a great little starter home or rental income property with loads of potential. Set on a generously sized lot with convenient laneway access, the property offers easy entry to the rear yard—ideal for multiple parking spots, outdoor entertaining, a children’s play area, pets, or future additions. This is a smart choice for first-time buyers, investors, or anyone looking for an affordable entry point into the market with room to grow. The home provides a comfortable and livable space as is, with strong revenue potential and excellent upside for future development opportunities, including the possibility of a lane-accessed carriage house (subject to local approvals). The location couldn’t be better—just steps from University Village Mall and right on a major bus route, offering quick access to shopping, dining, and transit. A rare find at this price point, offering flexibility, functionality, and a solid path toward long-term value. Showings are available Fridays and Saturdays from 1:00 PM to 3:00 PM by appointment only. Contact us today to schedule your private viewing. OR Purchase with the adjacent property 474 Wakesiah MLS #1007812 for future development such as student housing or condo project. All measurements and other data must be verified if deemed important. (id:32467)

Property Features

Building

  • Appliances: Refrigerator, Stove, Washer, Dryer
  • Architectural Style: Character
  • Cooling Type: None
  • Fireplace: No
  • Interior Size: 540 sqft
  • Building Type: House

Features

  • Feature: Central location, Level lot, Southern exposure, Other

Land

  • Land Size: 6900 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: COR1

Information entered by Sutton Group-West Coast Realty (Nan)
Listing information last updated on: 2025-08-08 23:23:15


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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same.

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