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Royal LePage
Royal LePage
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$699,900

4 Beds

4 Baths

1556 FEETSQ

QuickQuoteTM: $564K - $757K

Nanaimo BC, V9R 3C9

MLS® # 1020451

Property Information:

This legal duplex offers excellent value for homeowners and investors alike. Perfectly situated near schools, parks, and major transportation routes, it provides unbeatable convenience in one of Nanaimo’s most sought-after rental areas. Each side offers 778 sq ft of well-designed living space with 2 bedrooms, 2 bathrooms, and a large laundry room—a layout always in high demand. The property is fully occupied with great tenants, providing immediate and reliable income. Extensive updates offer peace of mind, including a newer roof, updated windows, modern flooring, improved perimeter drainage, fresh paint, and more. With schools and amenities just minutes away—Malaspina Pre-School (1 min), Fairview Elementary (2 min), NDSS (10 min), Nanaimo Ice Centre (14 min), and VIU (20 min)—the location appeals to families, students, and long-term renters. Whether you're seeking a strong portfolio addition or a home with rental income, this is a low-risk investment with excellent value.

Property Features:

  • Bedrooms: 4
  • Bathrooms: 4
  • Annual Tax Amount: $4,809
  • Appliances: F/S/W/D
  • Basement: Crawl Space, Unfinished
  • Built in: 1954
  • Construction Materials: Insulation: Ceiling, Insulation: Walls, Stucco & Siding
  • Cooling: None
  • Floor Space (approx): 1556 Square Feet
  • Flooring: Laminate, Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric
  • Laundry Features: In Unit
  • Lot Frontage: 5940 Square Feet
  • Lot Size: 5940.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Open
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Full Duplex
  • Roof: Asphalt Shingle
  • Water Source: Municipal
  • Zoning: RU
  • Zoning Description: Multi-Family
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 2

Rooms:

  • Bathroom Main Level
  • Bathroom Main Level
  • Bathroom Main Level
  • Bedroom Main Level 3.05 m x 3.35 m
  • Bathroom Main Level
  • Bedroom Main Level 3.35 m x 3.66 m
  • Bedroom Main Level 3.66 m x 3.66 m
  • Bedroom Main Level 3.05 m x 3.35 m
  • Kitchen Main Level 1.83 m x 5.49 m
  • Kitchen Main Level 1.83 m x 5.49 m

Convert Measurement to:


Courtesy of: 2% Realty Pacific Coast Inc.

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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Location of 502 Elizabeth St, Nanaimo, BC, V9R 3C9

Demographic Information of 502 Elizabeth St, Nanaimo, BC, V9R 3C9

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,721.40

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.42 %

High school certificate or equivalent

31.56 %

Apprenticeship trade certificate/diploma

9.4 %

College/non-university certificate

17.1 %

University certificate (below bachelor)

1.53 %

University Degree

22.98 %

Commuter

Travel To Work

By Car

77.69 %

By Public Transit

5.33 %

By Walking

8.86 %

By Bicycle

2.85 %

By Other Methods

5.27 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

29.0 %

Houses

71.0 %

Own Vs. Rent

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