23 Albion St Nanaimo, British Columbia V9R 1R6
$699,000
Unlock the potential of this well-located duplex just steps from Vancouver Island University, offering both immediate income and future development upside. Featuring two spacious 2-bedroom units, this property delivers a solid return with Unit 1 rented at $1,700/month and Unit 2 at $1,800/month—a smart hold in a high-demand rental pocket. Set on a generous lot with alley access, the property presents excellent redevelopment or land-assembly potential. Each unit is thoughtfully laid out with large, bright windows, filling the interiors with natural light and creating warm, welcoming living spaces tenants love. The location is unbeatable—walking distance to VIU, University Village, Barsby Secondary, and NDSS, making this an ideal rental for students, families, and professionals alike. Properties like this don’t come up often in such a thriving, walkable neighborhood. Whether you’re an investor, developer, or land banker—this is an opportunity you don’t want to miss. Measurements approx, buyer to verify if fundamental to purchase (id:59126)
Property Details
| MLS® Number | 1022920 |
| Property Type | Single Family |
| Neigbourhood | South Nanaimo |
| Features | Central Location, Other |
| Parking Space Total | 2 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 4 |
| Constructed Date | 1956 |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Interior | 1,658 Ft2 |
| Type | Duplex |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Kitchen | 10 ft | 11 ft | 10 ft x 11 ft |
| Main Level | Bathroom | 4-Piece | ||
| Main Level | Bedroom | 11 ft | 8 ft | 11 ft x 8 ft |
| Main Level | Bedroom | 12 ft | 10 ft | 12 ft x 10 ft |
| Main Level | Living Room | 14 ft | 13 ft | 14 ft x 13 ft |
| Auxiliary Building | Bathroom | 4-Piece | ||
| Auxiliary Building | Kitchen | 11 ft | 11 ft | 11 ft x 11 ft |
| Auxiliary Building | Bedroom | 13 ft | 10 ft | 13 ft x 10 ft |
| Auxiliary Building | Bedroom | 10 ft | 8 ft | 10 ft x 8 ft |
| Auxiliary Building | Living Room | 16 ft | 13 ft | 16 ft x 13 ft |
Land
| Acreage | No |
| Size Irregular | 6229 |
| Size Total | 6229 Sqft |
| Size Total Text | 6229 Sqft |
| Zoning Description | R5 |
| Zoning Type | Duplex |
Parking
| Stall |
https://www.realtor.ca/real-estate/29235012/23-albion-st-nanaimo-south-nanaimo
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May 05 2026 09:54:00
Vancouver Island Real Estate Board
