486 Wakesiah Ave Nanaimo, British Columbia V9R 3K9
$485,000
Located directly across from the University, this is a great little starter home or rental income property with loads of potential. Set on a generously sized lot with convenient laneway access, the property offers easy entry to the rear yard—ideal for multiple parking spots, outdoor entertaining, a children’s play area, pets, or future additions. This is a smart choice for first-time buyers, investors, or anyone looking for an affordable entry point into the market with room to grow. The home provides a comfortable and livable space as is, with strong revenue potential and excellent upside for future development opportunities, including the possibility of a lane-accessed carriage house (subject to local approvals). The location couldn’t be better—just steps from University Village Mall and right on a major bus route, offering quick access to shopping, dining, and transit. A rare find at this price point, offering flexibility, functionality, and a solid path toward long-term value. Showings are available Fridays and Saturdays from 1:00 PM to 3:00 PM by appointment only. Contact us today to schedule your private viewing. OR Purchase with the adjacent property 474 Wakesiah MLS #1007812 for future development such as student housing or condo project. All measurements and other data must be verified if deemed important. (id:48643)
Property Details
| MLS® Number | 1008818 |
| Property Type | Single Family |
| Neigbourhood | South Nanaimo |
| Features | Central Location, Level Lot, Southern Exposure, Other |
| Parking Space Total | 5 |
| Plan | Vip1325 |
| View Type | Mountain View |
Building
| Bathroom Total | 1 |
| Bedrooms Total | 2 |
| Appliances | Refrigerator, Stove, Washer, Dryer |
| Architectural Style | Character |
| Constructed Date | 1948 |
| Cooling Type | None |
| Heating Fuel | Electric |
| Size Interior | 540 Ft2 |
| Total Finished Area | 480 Sqft |
| Type | House |
Land
| Acreage | No |
| Size Irregular | 6900 |
| Size Total | 6900 Sqft |
| Size Total Text | 6900 Sqft |
| Zoning Description | Cor1 |
| Zoning Type | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Porch | 4'0 x 15'0 | ||
| Main Level | Living Room | 11'9 x 13'9 | ||
| Main Level | Bedroom | 9'2 x 9'5 | ||
| Main Level | Kitchen | 8'6 x 10'6 | ||
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Primary Bedroom | 11'9 x 18'10 |
https://www.realtor.ca/real-estate/28667960/486-wakesiah-ave-nanaimo-south-nanaimo
Contact Us
Contact us for more information
Charles Sutton
Personal Real Estate Corporation
www.suttonteam.ca/
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
Jim Johnson
Personal Real Estate Corporation
www.nanaimojim.com/
www.linkedin.com/in/jim-johnson-466a967/
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
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August 08 2025 11:23:15
Vancouver Island Real Estate Board
Sutton Group-West Coast Realty (Nan)