880 Hecate St Nanaimo, British Columbia V9R 4K6
$614,000
Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story ''missing middle'' housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important. (id:46156)
Property Details
| MLS® Number | 996776 |
| Property Type | Single Family |
| Neigbourhood | Old City |
| Features | Level Lot |
| Parking Space Total | 10 |
| View Type | City View |
Building
| Bathroom Total | 3 |
| Bedrooms Total | 3 |
| Constructed Date | 1955 |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Interior | 3,183 Ft2 |
| Total Finished Area | 3183 Sqft |
| Type | House |
Parking
| Open |
Land
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 9405 |
| Size Total | 9405 Sqft |
| Size Total Text | 9405 Sqft |
| Zoning Description | R15 |
| Zoning Type | Residential/commercial |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 4-Piece | ||
| Second Level | Bedroom | 10'3 x 9'1 | ||
| Second Level | Bedroom | 11'6 x 10'7 | ||
| Second Level | Primary Bedroom | 13 ft | 13 ft x Measurements not available | |
| Second Level | Kitchen | 11'3 x 10'4 | ||
| Second Level | Living Room | 25 ft | 25 ft x Measurements not available | |
| Second Level | Entrance | 11'6 x 4'6 | ||
| Main Level | Storage | 10'11 x 7'5 | ||
| Main Level | Den | 7'10 x 7'5 | ||
| Main Level | Bathroom | 2-Piece | ||
| Main Level | Bathroom | 3-Piece | ||
| Main Level | Recreation Room | 27'3 x 23'4 | ||
| Main Level | Entrance | 14'3 x 14'4 | ||
| Main Level | Kitchen | 9'8 x 7'3 | ||
| Main Level | Living Room | 31'4 x 19'1 |
https://www.realtor.ca/real-estate/28244849/880-hecate-st-nanaimo-old-city
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October 27 2025 05:54:41
Vancouver Island Real Estate Board
RE/MAX Professionals (Na)
