Positioned in a rapidly evolving area with R-14 zoning, this property presents a rare opportunity for multifamily or infill development. Whether you’re envisioning a duplex, triplex, or a creative small-scale residential project, this site offers outstanding potential in one of Nanaimo’s most accessible neighbourhoods. Developers and investors will appreciate the combination of strong zoning flexibility, central location, and long-term growth prospects. The existing 3-bedroom, 2-bath character home provides immediate rental or holding value while you plan your next project. Full of natural light and original charm, it features a spacious layout and a comfortable primary suite—making it equally appealing to homeowners seeking a blend of vintage character and modern convenience. Ideally situated just steps from Superette Foods, the downtown bus station, and vibrant downtown Nanaimo, this property places future residents within walking distance of everyday essentials, local shops, and the scenic waterfront. Bring your vision and see the possibilities unfold—this is your chance to secure a prime development parcel with strong upside potential in the heart of Nanaimo. (id:57571)
| MLS® Number | 1001170 |
| Property Type | Single Family |
| Neigbourhood | Old City |
| Features | Central Location, Other, Marine Oriented |
| Parking Space Total | 3 |
| Bathroom Total | 2 |
| Bedrooms Total | 3 |
| Architectural Style | Other |
| Constructed Date | 1901 |
| Cooling Type | None |
| Fireplace Present | Yes |
| Fireplace Total | 1 |
| Heating Type | Other |
| Size Interior | 1,641 Ft2 |
| Total Finished Area | 1506.36 Sqft |
| Type | House |
| Acreage | No |
| Size Irregular | 8305 |
| Size Total | 8305 Sqft |
| Size Total Text | 8305 Sqft |
| Zoning Description | R-14 |
| Zoning Type | Residential |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Bathroom | 3-Piece | ||
| Main Level | Bedroom | 8'1 x 11'7 | ||
| Main Level | Bedroom | 9'6 x 11'6 | ||
| Main Level | Primary Bedroom | 14'11 x 10'5 | ||
| Main Level | Living Room | 13'3 x 19'10 | ||
| Main Level | Den | 6'10 x 9'5 | ||
| Main Level | Kitchen | 16'2 x 29'3 |
https://www.realtor.ca/real-estate/28369127/762-albert-st-nanaimo-old-city
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by 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 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. Used under license.
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