2
Days on Market
Description
Brand-new pair fourplex on a quiet no-through street in North Nanaimo, one block from Woodgrove Centre. Two R5-zoned lots (42,546 sf combined) each hold a new 4-unit building — 8 self-contained 2-bed/2-bath suites, individually metered, with quartz counters, heat pumps, and radon mitigation. Built by Alair Homes, designed by Carma Design Group, Step Code 3. Steps from Home Depot, Real Canadian Superstore, and quick access to the Nanaimo Parkway, with noise-mitigating fencing keeping the site quiet. Nanaimo's rental vacancy sits at just 2.9%, with new supply down 40% year-over-year — a landlord's market. Projected market rent $2,750/unit/month; stabilized NOI $196,458; Full appraisal, drawings, and subdivision plan available on request.
Property Details
| Property Type | Commercial Sale |
| Property Sub Type | Multi Family |
| Listing ID | 1046970 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Pleasant Valley |
| Postal Code | V9T 6B9 |
| Property Taxes | $7,207.00 (2025) |
| Water | Municipal |
| Sewer | Sewer Available |
| Heating | Heat Pump |
| Construction | Insulation All,Vinyl Siding,Wood |
| Foundation | Poured Concrete |
| Listed Date | Aug 14, 2026 |
| Ownership | Freehold |
| Lot Size | 0.00 acres |
Building Details
| Heating | Heat Pump |
| Stories | -1 |
| Exterior Size | 3460 sqft |
Additional Information
| Features | Central location, Private setting, Other |
| Building Type | Multi-Family |
| Transaction | For sale |