Affordable Opportunity with Redevelopment Potential – COR1 Zoning. This two-bedroom, one-bath home on Nicol Street offers a unique opportunity for the right buyer. The property is well-suited for future redevelopment or land assembly, making it a solid holding investment. The home itself could benefit from some TLC and presents a great chance for a first-time buyer or handy investor to build sweat equity. Access is by easement via the neighboring lot from the alley. The property includes two outbuildings — one approximately 8x12, and another that’s in rougher condition but may be salvageable. This is a great fit for someone with vision who isn’t afraid of a of work. Priced accordingly to reflect the current condition and future potential.
Data was last updated July 3, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
117
Avg list price:
$664,500
Min list price:
$174,900
Max list price:
$21,000,000
Avg days on market:
44
Min days on market:
1
Max days on market:
459
Avg price per sq.ft.:
$406.45
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations.