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.
Address
486 Wakesiah Ave
List Price
$485,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Style of Home
Character
Transaction Type
sale
Area
Nanaimo
Sub-Area
Na South Nanaimo
Bedrooms
2
Bathrooms
1
Floor Area
480 Sq. Ft.
Lot Size
6900 Sq. Ft.
Lot Size (Acres)
0.16 Ac.
Year Built
1948
MLS® Number
1008818
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Basement Area
Crawl Space
Postal Code
V9R 3K9
Tax Amount
$2,408.36
Tax Year
2024
Features
Electric, F/S/W/D, Mixed, Vinyl Frames
Amenities
Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Low Maintenance Yard, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure, Square Lot