502 Elizabeth St
Nanaimo
V9R 3C9
$699,900
Residential
beds: 4
baths: 4.0
1,556 sq. ft.
built: 1954
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1020451
- Bedrooms:
- 4
- Bathrooms:
- 4
- Year Built:
- 1954
- Photos (11)
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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 Type:
- Residential
- Type:
- Full Duplex
- Year built:
- 1954 (Age: 71)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 1,556 sq. ft.
- Listing General Location:
- Na University District, Nanaimo
- Bedrooms:
- 4
- Bathrooms:
- 4.0 (Full:-/Half:-)
- Lot Size:
- 5,940 sq. ft.
- Kitchens:
- 2
- Taxes:
- Signup
- Construction:
- Insulation: Ceiling, Insulation: Walls, Stucco & Siding
- New Construction:
- No
- Basement:
- Crawl Space, Unfinished
- Foundation:
- Concrete Perimeter
- Roof:
- Asphalt Shingle
- Levels:
- 1
- Ceiling Heights:
- Signup
- Floor finish:
- Laminate, Mixed
- Total Building Area:
- 1,556 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 4
- # Main Level Bedrooms:
- 4
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 4
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 2
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 1,568 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 0
- Laundry Features:
- In Unit
- Water supply:
- Municipal
- Sewer:
- Sewer Connected, Sewer To Lot
- Cooling:
- None
- Heating:
- Baseboard, Electric
- Fireplace:
- No
- Pending Date:
- Signup
- F/S/W/D
- Main Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Floor
- Ensuite
- Pieces
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 2
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 2
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Property Condition:
- Resale
- Exposure / Faces:
- South
- Layout:
- Duplex Side/Side
- Attached Garage:
- No
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Open
- Total Parking Spaces:
- 2
- Total Units:
- Signup
- Date Listed:
- Nov 16, 2025
- Original Price:
- 699900.0
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Ranch-style house featuring roof with shingles, a wooden deck, and a front lawn -
View of front of property featuring a front yard, covered porch, and a shingled roof
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Living area featuring wood finished floors
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Living area with wood finished floors and wooden walls
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Home office featuring dark wood-style floors and baseboards
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Kitchen with white appliances, white cabinets, and light countertops
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Bedroom featuring a chandelier
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Bathroom featuring vanity and shower / bathtub combination with curtain
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Photo 9 of 11
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Photo 10 of 11
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Photo 11 of 11
Listed by 2% Realty Pacific Coast Inc.
Data was last updated November 17, 2025 at 04:05 AM (UTC)
Area Statistics
- Listings on market:
- 45
- Avg list price:
- $719,000
- Min list price:
- $270,000
- Max list price:
- $2,969,000
- Avg days on market:
- 60
- Min days on market:
- 1
- Max days on market:
- 299
- Avg price per sq.ft.:
- $385.54
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Jerome Peacock
- Pemberton Holmes Real Estate
- 250-888-0326
- jerome@peacockrealestate.ca
805 Cloverdale Ave #150
Victoria, British Columbia V8X 2S9