With R14 zoning & outstanding redevelopment potential, this property presents an exciting opportunity for builders, investors, & forward-thinking buyers alike. The site offers the flexibility for a variety of multi-family concepts, including modern townhomes, stacked units, or ocean-view residences designed to maximize the setting. Street & alley access further enhance the development possibilities, making this a rare chance to secure a property with significant future upside. Complementing the potential is a charming, updated single-family home that is move-in ready for immediate enjoyment or rental income. Recent improvements include new flooring, fresh paint, & refreshed bathrooms, creating a bright and welcoming living space filled with character. Whether you’re looking for a comfortable home, a holding property, or your next development project, this property offers exceptional versatility and value. Measurements are approximate and should be verified if important. (id:44056)

Property Details

Full Address:
674 Farquhar St, Nanaimo, British Columbia
Price:
$ 474,900
MLS Number:
1038388
List Date:
May 28th, 2026
Lot Size:
4702 sq.ft.
Year Built:
1910
Taxes:
$ 3,232

Interior Features

Bedrooms:
2
Bathrooms:
1
Total Rooms:
Air Conditioning:
None
Heating:
Baseboard heaters, Electric

Building Features

Zoning:
Multi-Family
Zoning Detail:
R-14
Garage:
RV, Street
Garage Spaces:
4
Ownership Type:
Freehold
Legal Description:
U
Taxes:
$ 3,232

Floors

Finished Area:
906 sq.ft.

Land

Lot Size:
4702 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Jason Simard Personal Real Estate Corporation eXp Realty (NA)
778-269-1288
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Listing Agent(s)

Lead Agent: Jason Simard
Office: eXp Realty (NA)
Originating Board: Vancouver Island Real Estate Board
Co-Listing: Matt Ferguson
eXp Realty (NA)

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