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:44393)
| MLS® Number | 1008818 |
| Property Type | Single Family |
| Neigbourhood | South Nanaimo |
| Features | Central Location, Level Lot, Southern Exposure, Other |
| Parking Space Total | 5 |
| Plan | Vip1325 |
| View Type | Mountain View |
| Bathroom Total | 1 |
| Bedrooms Total | 2 |
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Architectural Style | Character |
| Constructed Date | 1948 |
| Cooling Type | None |
| Heating Fuel | Electric |
| Size Interior | 540 Ft2 |
| Total Finished Area | 480 Sqft |
| Type | House |
| Acreage | No |
| Size Irregular | 6900 |
| Size Total | 6900 Sqft |
| Size Total Text | 6900 Sqft |
| Zoning Description | Cor1 |
| Zoning Type | Residential |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Porch | 4'0 x 15'0 | ||
| Main Level | Living Room | 11'9 x 13'9 | ||
| Main Level | Bedroom | 9'2 x 9'5 | ||
| Main Level | Kitchen | 8'6 x 10'6 | ||
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Primary Bedroom | 11'9 x 18'10 |
https://www.realtor.ca/real-estate/28667960/486-wakesiah-ave-nanaimo-south-nanaimo
Contact us for more information
Charles Sutton
Personal Real Estate Corporation
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
Jim Johnson
Personal Real Estate Corporation
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
