




This 5-bedroom, 2-bathroom single family in Nanaimo offers 2,034 sqft of living area on a 6,996 sqft lot. Built in 1964. The property has lot dimensions of 6996, zoned Residential/Commercial. The home features baseboard heaters, forced air, electric heating, a fireplace. Highlights include a 6-car garage.
Discover 308 Harewood Rd, a smart investment or development in Nanaimo’s vibrant corridor. This property offers a 3-bedroom, 1-bathroom main residence plus a separate 2-bedroom, 1-bathroom legal suite—ideal for mortgage support through rental income. Situated on a rare lot with multiple road frontages and zoned COR1 (Residential Corridor), the development potential is enormous. The COR1 designation allows small-scale multi-family or mixed-use projects, making this a canvas for future redevelopment or continued income generation, tenants in both units help cover costs, while you plan your redevelopment project. Location is prime: a short walk to Vancouver Island University, plus nearby shopping, parks and transit. Whether you’re an investor eyeing growth or a homeowner seeking extra revenue and future flexibility, this versatile Nanaimo property has it all. Embrace the opportunity of multi-use zoning, supportive income, and unbeatable location. (id:60351)
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Listed by Ryan Andrew, Royal LePage Nanaimo Realty (NanIsHwyN)
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Listing represented by Ryan Andrew, Royal LePage Nanaimo Realty (NanIsHwyN) · MLS# 1026160
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.