House for sale
486 Wakesiah Ave, Nanaimo
$485,000
Features
Style
Rancher
Year Built
1948
Floor Area
540 sqft
Lot Size
6,900 sqft
Gross Property Tax
$2,408.36 /year
Zoning
COR1
Amenities
Low Maintenance Yard, Vinyl Frames, F/S/W/D, Transit Nearby
View
Mountain(s)
Additional Features
Central Location, Easy Access, Family-Oriented Neighbourhood, Level, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure, Square Lot
Description
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.
MLS® Number 1008818