477 Watfield Ave Nanaimo, British Columbia V9R 3P6

$664,900

Charming University District Home with Development Potential! Welcome to this adorable University District cutie located in the heart of Nanaimo, offering character, comfort, and incredible future potential. Set on a nearly 9,000 sqft flat lot, this property is zoned COR1 (Corridor)—allowing for residential, street-oriented, medium-density, and office development. Whether you're a homeowner looking for a charming space or an investor eyeing redevelopment, this home opens the door to a world of opportunity. The house offers just over 1,300 sqft of finished living space, featuring two bedrooms on the main floor, a cozy living room, a full bathroom, and an updated kitchen that blends functionality with style. Step inside and enjoy the timeless character of the 1950s architecture, complete with coved ceilings and classic crown mouldings that add warmth and nostalgia. The lower level is partially finished and includes a large, bright bedroom or office space with a newer spa-inspired bathroom, offering privacy and comfort for guests, teens, or a home office. In addition to the finished space, there is approximately 400 sqft of unfinished area with separate outside access—perfect for developing into a family room, workshop, or additional storage. This home has seen thoughtful upgrades throughout, including: Newer vinyl windows, 2022 high-efficiency gas furnace, 2025 hot water tank, 2025 dishwasher. Outside, the west-facing yard captures beautiful views of Mount Benson, creating a serene and sunny outdoor space ideal for relaxing or entertaining. Alley access provides added flexibility for off-street parking, future laneway development, or garden suite potential (buyer to verify with City). Don’t miss your chance to own a piece of Nanaimo’s evolving landscape. This is more than a home—it's a smart investment in a thriving neighborhood with schools, parks, transit, and shopping all nearby. Charming. Versatile. Full of potential. Make it yours today! (id:46156)

Property Details

MLS® Number	1010531
Property Type	Single Family
Neigbourhood	University District
Features	Central Location, Level Lot, Southern Exposure, Other, Rectangular
Parking Space Total	2
Plan	Vip8240
View Type	Mountain View

Building

Bathroom Total	2
Bedrooms Total	3
Constructed Date	1950
Cooling Type	None
Heating Fuel	Natural Gas
Heating Type	Forced Air
Size Interior	1,737 Ft2
Total Finished Area	1336.61 Sqft
Type	House

Land

Access Type	Road Access
Acreage	No
Size Irregular	8976
Size Total	8976 Sqft
Size Total Text	8976 Sqft
Zoning Description	Cor 1
Zoning Type	Residential

Rooms

Level	Type	Length	Width	Dimensions
Lower Level	Bathroom			4-Piece
Lower Level	Utility Room		7 ft	Measurements not available x 7 ft
Lower Level	Storage	13 ft		13 ft x Measurements not available
Lower Level	Laundry Room			4'4 x 9'5
Lower Level	Bedroom			9'10 x 20'2
Main Level	Bathroom			4-Piece
Main Level	Bedroom			9' x 10'
Main Level	Primary Bedroom		13 ft	Measurements not available x 13 ft
Main Level	Kitchen			13' x 18'
Main Level	Living Room			16'3 x 17'5
Main Level	Porch			8'7 x 10'8

https://www.realtor.ca/real-estate/28703726/477-watfield-ave-nanaimo-university-district