An Exceptional Investment Opportunity with Timeless Character and Future Potential
Discover a rare gem that blends vintage charm, income versatility, and future development promise. This unique character home offers three distinct living spaces—perfect for multigenerational living. The main home retains its original charm with cozy nooks, warm wood accents, and soaring overheight ceilings on the main floor, while the self-contained in-law suite and whimsical detached cottage provide excellent rental flexibility or private space for guests and extended family.
Zoned COR1, this property presents a valuable opportunity for investors and developers, with potential for future redevelopment in one of the area’s fast-growing corridors. Restore the home to its former glory and watch its value rise—or reimagine the site entirely.
The property also features a powered studio ideal for a home office or creative pursuits, lush and private gardens, and inviting front and back porches with views of Mt. Benson. Whether you're looking to generate immediate rental income, develop in the future, or bring a beautiful heritage home back to life, this property offers a rare combination of heart, history, and high potential. Located just steps from amenities but with the feel of a private retreat—this is more than a home; it's a vision waiting to be realized.
Address
660 Third St
List Price
$798,800
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
sale
Area
Nanaimo
Sub-Area
Na University District
Bedrooms
6
Bathrooms
4
Floor Area
3,463 Sq. Ft.
Lot Size
9000 Ac.
Lot Size (Acres)
0.21 Ac.
Year Built
1934
MLS® Number
1012255
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area
Not Full Height, Walk-Out Access, With Windows
Postal Code
V9R 1W8
Tax Amount
$4,735.00
Tax Year
2024
Features
Baseboard, Basement Slab, Dining Room, Eating Area, F/S/W/D, Forced Air, Mixed, Natural Gas, Storage, Wood, Wood Frames, Workshop
Amenities
Balcony/Deck, Central Location, Corner Lot, Fenced, Fencing: Partial, Garden, Guest Accommodations, Landscaped, Primary Bedroom on Main, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure, Storage Shed, Workshop
