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23 Albion St, Nanaimo

MLS® #1022920
About this Property

Unlock the potential of this well-located duplex just steps from Vancouver Island University, offering both immediate income and future development upside. Featuring two spacious 2-bedroom units, this property delivers a solid return with Unit 1 rented at $1,700/month and Unit 2 at $1,800/month—a smart hold in a high-demand rental pocket. Set on a generous lot with alley access, the property presents excellent redevelopment or land-assembly potential. Each unit is thoughtfully laid out with large, bright windows, filling the interiors with natural light and creating warm, welcoming living spaces tenants love. The location is unbeatable—walking distance to VIU, University Village, Barsby Secondary, and NDSS, making this an ideal rental for students, families, and professionals alike. Properties like this don’t come up often in such a thriving, walkable neighborhood. Whether you’re an investor, developer, or land banker—this is an opportunity you don’t want to miss. Measurements approx, buyer to verify if fundamental to purchase (id:62865)

Property Information

Status

Active

Year Built

1956

Property Type

Duplex

Ownership

Freehold

Parking Spaces

2

Annual Tax

$4,324

Zoning

Duplex

Parcel Number

005-894-867

Data Source

Vancouver Island Real Estate Board

Interior Details

Bedrooms

4

Bathrooms

2

Living Area

1658 square feet

Exterior & Lot

Lot Size

6229.0 sqft

Lot Features

Central locationOther
Building & Utilities

Heating

Baseboard heaters

Cooling

None

$699,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
4Beds
2Baths
1658sqft
Listing Courtesy of

Office

Sutton Group-West Coast Realty (Nan)

Mortgage Calculator
$139,800

Loan Amount:

$559,200

Estimated Monthly Payment:

$2,725

This is an estimate for informational purposes only. Consult with a financial advisor.