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5524-5526 Lost Lake Rd, NANAIMO
2026-07-05
Quick Summary
MLS®#1041994
Property Description
Ocean View Duplex in North Nanaimo, those are words you don't see together very often. This well-maintained duplex offers an excellent opportunity for both investors and owner-occupiers. One side is currently occupied by fantastic tenants who would love to stay, the other is the current owner who has just updated their side with fresh paint and flooring upgrades. Each unit features a fully fenced yard with plenty of outdoor space for families, children, and pets. The rented side has been beautifully remodeled in recent years with high-end flooring, heated tile floors throughout, custom-designed bathrooms, and an outstanding kitchen with abundant cabinetry and workspace. The other side is equally inviting, offering a bright white kitchen, spacious bedrooms, attractive flooring, and a large laundry room. If you've been looking for an affordable way to get into the highly desirable North Nanaimo school catchment, this could be the perfect opportunityâ¦live in one side while the rental income from the other helps offset your mortgage. The location is one of this property's greatest features. Set in a sought-after North Nanaimo neighbourhood, you'll enjoy an easy walk to Linley Valley Park, one of Nanaimo's most popular trail systems, perfect for hiking, walking the dog, or enjoying nature. Rutherford Hill Shopping Centre is also within walking distance, offering grocery stores, restaurants, cafés, and everyday conveniences. Several nearby playgrounds, parks, transit routes, excellent schools, and easy ocean access make this an exceptional location for families and tenants alike. From an investment perspective, it's worth comparing the long-term appreciation potential of a large ocean-view lot in North Nanaimo to similar investments in other areas of the city. (id:32467)
Property Features
Building
- Cooling Type: None
- Fireplace: Yes
- Interior Size: 2900 sqft
- Building Type: Duplex
Features
- Feature: Central location, Other
Land
- Land Size: 10875 sqft
Ownership
- Type: Freehold
Information entered by REMAX Professionals (NA)
Listing information last updated on: 2026-07-03 17:52:25
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