486 Wakesiah Ave Nanaimo, British Columbia V9R 3K9

1 Bedroom 1 Bathroom 480 ft2
Character None

$485,000

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:60626)

Property Details

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

Building

Bathroom Total 1
Bedrooms Total 1
Appliances Refrigerator, Stove, Washer, Dryer
Architectural Style Character
Constructed Date 1948
Cooling Type None
Heating Fuel Electric
Size Interior 480 Ft2
Total Finished Area 480 Sqft
Type House

Land

Acreage No
Size Irregular 6900
Size Total 6900 Sqft
Size Total Text 6900 Sqft
Zoning Type Residential

Rooms

Level Type Dimensions
Main Level Kitchen 8 ft x 10 ft
Main Level Bathroom 4-Piece
Main Level Primary Bedroom 14'0 x 18'0

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