502 Elizabeth St new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9R 3C9
Key Details
Property Type Multi-Family
Sub Type Full Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,556 sqft
Price per Sqft $449
MLS Listing ID 1020451
Style Duplex Side/Side
Bedrooms 4
Year Built 1954
Annual Tax Amount $4,809
Tax Year 2025
Lot Size 6,098 Sqft
Property Sub-Type Full Duplex
Property Description
This legal duplex offers excellent value for homeowners and investors alike. Perfectly situated near schools, parks, and major transportation routes, it provides unbeatable convenience in one of Nanaimo's most sought-after rental areas. Each side offers 778 sq ft of well-designed living space with 2 bedrooms, 2 bathrooms, and a large laundry room—a layout always in high demand. The property is fully occupied with great tenants, providing immediate and reliable income. Extensive updates offer peace of mind, including a newer roof, updated windows, modern flooring, improved perimeter drainage, fresh paint, and more. With schools and amenities just minutes away—Malaspina Pre-School (1 min), Fairview Elementary (2 min), NDSS (10 min), Nanaimo Ice Centre (14 min), and VIU (20 min)—the location appeals to families, students, and long-term renters. Whether you're seeking a strong portfolio addition or a home with rental income, this is a low-risk investment with excellent value.
Location
Province BC
County Nanaimo, City Of
Area Na University District
Zoning RU
Rooms
Kitchen 2
Interior
Heating Baseboard,Electric
Cooling None
Flooring Laminate,Mixed
Laundry In Unit
Exterior
Parking Features Open
Roof Type Asphalt Shingle
Building
Foundation Poured Concrete
Sewer Sewer Connected,Sewer To Lot
Water Municipal
Structure Type Insulation: Ceiling,Insulation: Walls,Stucco & Siding
Others
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs