Property description for 374 Nicol St, Nanaimo, BC V9R 4T4

Affordable Opportunity with Redevelopment Potential – COR1 Zoning. This two-bedroom, one-bath home on Nicol Street offers a unique opportunity for the right buyer. The property is well-suited for future redevelopment or land assembly, making it a solid holding investment. The home itself could benefit from some TLC and presents a great chance for a first-time buyer or handy investor to build sweat equity. Access is by easement via the neighboring lot from the alley. The property includes two outbuildings — one approximately 8x12, and another that’s in rougher condition but may be salvageable. This is a great fit for someone with vision who isn’t afraid of a of work. Priced accordingly to reflect the current condition and future potential.

QUICK OVERVIEW

$537 / Sq Ft
2 parking spaces
None
Forced Air, Natural Gas
4 Days on website
0.11 acres lot

INTERIOR

BUILDING AND CONSTRUCTION

EXTERIOR AND LOT

UTILITIES

AREA AND SCHOOLS

FINANCIAL INFO

ADDITIONAL INFO

Price per square foot and days on website are not provided values and are calculated by REMAX.

Listing Agent Ken Welte

Listing Office Sutton Group-west Coast Realty (nan), 250-756-2112

Updated Saturday, June 6, 2026 at 11:51:34 PM

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. https://reciprocity.vireb.com/

NEIGHBOURHOOD

About the Chase River-Duke Point-South End Neighbourhood

Home buyers who prefer a relaxed environment will enjoy Chase River-Duke Point-South End. It is easy to get to public green spaces from the majority of locations in the neighbourhood, since there are around 30 of them nearby for residents to check out and a large number of homes have a park around the corner. This part of Nanaimo is also good for those who need a quiet atmosphere, as there isn't a lot of street noise or city clamour - however some areas can be quite noisy, especially closer to one of the railway lines.

Learn more about Chase River-Duke Point-South End

Daycares

At least one daycare within a very short walk

Elementary Schools

At least one elementary school within a 5-minute walk

Groceries

Wide variety of groceries within a few minutes' walk

Car friendly

Excellent access to freeways and/or major arteries, with a very low chance of parking problems

Cycling friendly

Suitable for bicycle commuting and/or recreational cycling

CLIMATE RISK FOR V9R 4T4

Mortgage Payments for 374 Nicol St, Nanaimo, BC V9R 4T4

$1,793

Monthly

Estimated Payment

$380,000

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374 NICOL ST, NANAIMO, BC V9R 4T4