Property Information:

Well-located duplex just steps from Vancouver Island University, offering strong rental income and future development potential. This property features two 2-bedroom units, currently rented at $1,700/month (Unit 1) and $1,800/month (Unit 2), providing a solid return in a high-demand area.Situated on a large lot with alley access, this property is ideal for future redevelopment or land assembly. Both units feature bright, spacious layouts with large windows, creating inviting, light-filled living spaces.The unbeatable location is within walking distance to VIU, University Village, Barsby Secondary, and NDSS, making it highly attractive to students, families, and professionals.A rare opportunity to own a prime income property in a thriving, walkable neighborhood—perfect for investors, developers, or long-term holders. Measurements approx buyer to verify if fundamental to purchase

Property Features:

Bedrooms: 4
Bathrooms: 2
Annual Tax Amount: $4,324
Accessibility Features: Wheelchair Friendly
Basement: Crawl Space
Built in: 1956
Construction Materials: Stucco
Cooling: None
Floor Space (approx): 3316 Square Feet
Foundation Details: Concrete Perimeter
Heating: Baseboard
Laundry Features: In Unit
Lot Features: Central Location, Family-Oriented Neighbourhood, Quiet Area, Recreation Nearby
Lot Frontage: 6229 Square Feet
Lot Size: 6229.00 Square Feet
Ownership: Freehold
Parking Features: Driveway
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Property Condition: Resale
Property Sub Type: Full Duplex
Road Frontage Type: Lane
Road Surface Type: Paved
Roof: Fibreglass Shingle
Water Source: Municipal
Zoning: R5
Zoning Description: Duplex
Sewer:
No. of Parking Spaces: 2

Rooms:

Other Main Level 4.88 m x 3.96 m
Living Main Level 4.27 m x 3.96 m
Bedroom Main Level 3.66 m x 3.05 m
Bedroom Main Level 3.35 m x 2.44 m
Other Main Level 3.05 m x 2.44 m Note: Bedroom - Aux Bldg
Other Main Level 3.96 m x 3.05 m Note: Bedroom - Aux Bldg
Other Main Level Note: Bathroom - Aux Bldg
Other Main Level 3.35 m x 3.35 m
Bathroom Main Level
Kitchen Main Level 3.05 m x 3.35 m

Convert Measurement to:

Courtesy of: Sutton Group-West Coast Realty (Nan)

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.

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Demographic Information of 23 Albion St, Nanaimo, BC, V9R 1R6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,340.89

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

23.32 %

High school certificate or equivalent

34.66 %

Apprenticeship trade certificate/diploma

10.81 %

College/non-university certificate

14.61 %

University certificate (below bachelor)

2.86 %

University Degree

13.73 %

Commuter

Travel To Work

By Car

74.88 %

By Public Transit

5.48 %

By Walking

12.4 %

By Bicycle

1.21 %

By Other Methods

6.03 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

16.33 %

Houses

83.67 %

23 Albion St, Nanaimo, BC, V9R 1R6