23 Albion St, NANAIMO

2026-01-09
 

Quick Summary

Location
23 Albion St, NANAIMO, British Columbia V9R1R6
Price
$699,000 CAD
Status:
For Sale
Property Type:
Single Family
Area:
3316 sqft
Bedrooms:
4
Bathrooms:
2
Year of Construction:
1956

MLS®#1022920

Property Description

Unlock the potential of this well-located duplex just steps from Vancouver Island University, offering both immediate income and future development upside. Featuring two spacious 2-bedroom units, this property delivers a solid return with Unit 1 rented at $1,700/month and Unit 2 at $1,800/month—a smart hold in a high-demand rental pocket. Set on a generous lot with alley access, the property presents excellent redevelopment or land-assembly potential. Each unit is thoughtfully laid out with large, bright windows, filling the interiors with natural light and creating warm, welcoming living spaces tenants love. The location is unbeatable—walking distance to VIU, University Village, Barsby Secondary, and NDSS, making this an ideal rental for students, families, and professionals alike. Properties like this don’t come up often in such a thriving, walkable neighborhood. Whether you’re an investor, developer, or land banker—this is an opportunity you don’t want to miss. Measurements approx, buyer to verify if fundamental to purchase (id:32467)

Property Features

Building

  • Cooling Type: None
  • Fireplace: No
  • Interior Size: 3316 sqft
  • Building Type: Duplex

Features

  • Feature: Central location, Other

Land

  • Land Size: 6229 sqft

Ownership

  • Type: Freehold

Zoning

  • Description: R5

Information entered by Sutton Group-West Coast Realty (Nan)
Listing information last updated on: 2026-01-09 20:03:00


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$500,000

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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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