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561 Fourth St
Na University District Nanaimo V9R 1T9

$599,900
Residential beds: 3 baths: 2.0 1,556 sq. ft. built: 1955

Main Photo: 561 Fourth St in Nanaimo: Na University District Single Family Residence for sale : MLS®# 1020080
Photo 1: 561 Fourth St in Nanaimo: Na University District Single Family Residence for sale : MLS®# 1020080
Photo 2: 561 Fourth St in Nanaimo: Na University District Single Family Residence for sale : MLS®# 1020080
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Status:
Active
Prop. Type:
Residential
MLS® Num:
1020080
Bedrooms:
3
Bathrooms:
2
Year Built:
1955
Attention investors, developers, and savvy buyers! This 3 bedroom, 2 bathroom fixer-upper is packed with potential in one of the most desirable locations in Nanaimo, just a short walk from the university, shops, and local amenities. Zoned for detached duplexes or a 4-plex, this property offers flexible redevelopment options with an active building permit and demolition permit already in place, saving you time and money. The existing home has solid bones and could be transformed into a great income-producing rental property with some renovation and creativity while you wait for the perfect time to build. Whether you’re looking to build new, expand your rental portfolio, or flip for profit, this property checks all the boxes: prime location, flexible zoning, and major permits ready to go. Opportunities like this are rare — don’t miss your chance to capitalize on this property that is priced below assessed value!
Property Type:
Residential
Type:
Single Family Residence
Year built:
1955 (Age: 70)
Living Area:
1,556 sq. ft.
Listing General Location:
Na University District, Nanaimo
Bedrooms:
3
Bathrooms:
2.0 (Full:-/Half:-)
Lot Size:
8,712 sq. ft.
Kitchens:
1
Building Features:
Basement, Transit Nearby
Construction:
Frame Wood
New Construction:
No
Basement:
Crawl Space, Partially Finished
Foundation:
Concrete Perimeter
Electricity:
Yes
Roof:
Asphalt Shingle
Floor finish:
Mixed
Total Building Area:
1,852 sq. ft.
Total Unfinished Area:
296 sq. ft.
# Bedrooms or Dens Total:
3
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
1
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
1
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
472 sq. ft.
Living Area Main Floor:
1,084 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
1
Fireplace Details:
Gas
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer To Lot
Cooling:
None
Heating:
Natural Gas
Fireplace:
Yes
F/S/W/D
Balcony/Deck, Fencing: Partial
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Number of 2 piece baths:
1
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Property Condition:
Contact List Licensee, Fixer, Resale
Utilities:
Cable Available, Electricity Available, Natural Gas Connected, Phone Available, Recycling
Exposure / Faces:
See Remarks
Layout:
Main Level Entry with Lower Level(s)
Lot Site Features:
Easy Access, Marina Nearby, Recreation Nearby, Shopping Nearby
Attached Garage:
No
Carport Spaces:
1
Garage Spaces:
0
Garage:
No
Parking Features:
Carport, On Street, RV Access/Parking
Total Parking Spaces:
3
Road Surface Type:
Paved
Date Listed:
Nov 10, 2025
Original Price:
599900.0
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Listed by 460 Realty Inc. (NA)
Data was last updated November 11, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
45
Avg list price:
$719,000
Min list price:
$299,000
Max list price:
$2,969,000
Avg days on market:
59
Min days on market:
3
Max days on market:
293
Avg price per sq.ft.:
$386.3
These statistics are generated based on the current listing's property type and located in Na University District. Average values are derived using median calculations. This data is not produced by the MLS® system.

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