374 Nicol St
Nanaimo, BC V9R4T4
$394,900
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 4,719 square feet
- Zoning
- Residential
COR1
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,874
Interior
- Heating
- Forced air, Natural gas
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 2
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | — |
| Primary Bedroom | Main level | — |
| Living room | Main level | 11'2 |
| Kitchen | Main level | 12'10 x 11'2 |
| Bedroom | Main level | — |
| Bathroom | Main level | 4-Piece |
Listing Information
- MLS®
- 1039143
- Listed
- June 3, 2026
- Time on market
- On the market for 89 days
- Data last synced
- August 28, 2026
Listing provided by: Sutton Group-West Coast Realty (Nan) · Data source: CREA DDF.
Description
Affordable Opportunity with Redevelopment Potential – COR1 Zoning. This two-bedroom, one-bath home on Nicol Street offers a unique opportunity for the right buyer. The property is well-suited for future redevelopment or land assembly, making it a solid holding investment. The home itself could benefit from some TLC and presents a great chance for a first-time buyer or handy investor to build sweat equity. Access is by easement via the neighboring lot from the alley. The property includes two outbuildings — one approximately 8x12, and another that’s in rougher condition but may be salvageable. This is a great fit for someone with vision who isn’t afraid of a of work. Priced accordingly to reflect the current condition and future potential. (id:63159)
Values & Trends
This listing
$537/sqft
Building average
—
No other active listings in this building
South Nanaimo average
$435/sqft
46 active listing(s)
Per-stall/locker dollar values aren't itemized in our data source — shown as included/not indicated only, not a fabricated estimate. $/sqft averages are computed live from other active listings, not a third-party model.
Location Insights
Weather
15°C
Partly Cloudy
Humidity 85%
Wind N 2 km/h
Tonight
12°
Tuesday
21°
Tuesday night
14°
Wednesday
16°
Wednesday night
11°
Thursday
17°
Source: Environment and Climate Change Canada.
Population
99,863
(2021 Census)
+10.3% since 2016
Density: 1,104.1/km²
Dwellings: 45,138
Median household income: $75,500
After-tax: $68,500
Immigrant population: 16.1%
Top countries of origin (% of total population)
- United Kingdom3.5% · 3,495
- China1.3% · 1,285
- United States of America1.2% · 1,155
- India1.1% · 1,075
- Philippines1% · 1,040
- Germany0.6% · 635
- Korea, South0.5% · 470
- Viet Nam0.5% · 455
Source: Statistics Canada, 2021 Census of Population.
Location Accessibility
Our own metric — not an official Walk Score®.
Amenities
33
5/9 categories nearby
Transit
—
Not enough data yet
How this is calculated
Amenities: points awarded per category (restaurants, cafes, grocery, parks, shopping, gyms, pharmacies, banks/ATMs, healthcare) based on distance to the nearest one — 3 points under 200m, 2 points under 500m, 1 point under 800m — summed across all 9 categories and scaled to 0–100.
Transit: based on the number of transit stops within 800m and their mode (SkyTrain weighted highest, then streetcar/ferry, then bus). This reflects stop type and count only — our data doesn't include how often a route actually runs, so frequency is never factored in.
Both scores depend on how much of the surrounding area has been synced from OpenStreetMap and TransLink's GTFS feed. A lower score can mean fewer amenities nearby, or simply that this area hasn't been fully synced yet — not a confident measurement of the location itself.
Nearby Schools
| School | Type | Distance |
|---|---|---|
| Bayview Elementary | Elementary | 392 m |
| Georgia Avenue Elementary | Elementary | 1.4 km |
| Park Avenue Elementary | Elementary | 1.5 km |
| John Barsby Secondary | Secondary | 1.5 km |
| Learning Alternatives | Secondary | 1.5 km |
| Pauline Haarer Elementary | Elementary | 1.6 km |
| Fairview Elementary | Elementary | 2.0 km |
| Nanaimo District Secondary | Secondary | 2.1 km |
Schools shown by distance from this property. This does not indicate school catchment or enrollment eligibility — contact the school district to confirm catchment boundaries.
Nearby Transit
No TransLink stops within an ~10-minute walk.
Nearby Places
Restaurants (4)
- MGM · 240 Nicol Street195 m
- Alice's Restaurant · 728 Nicol Street684 m
- Indian Grill's686 m
- Bar Luna · Victoria Road 7747 m
Grocery (1)
- Superette685 m
Parks (5+)
- Deverill Square Gyro 2 Park · 200 Irwin Street273 m
- View Street Park · 38 View Street292 m
- Mary Jane Peters Park391 m
- Rosamond Park · 1 Rosamond Street601 m
- Robins Park656 m
Gyms (1)
- Dolly's Gym · 111 Nicol Street465 m
Banks & ATMs (1)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street693 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($19,745) — 5% under $500K, 10% up to $1.5M, 20% at/above $1.5M.
Financial Ledger
Rates based on Bank of Canada benchmark data.
Financial Summary
Cash Needed at Closing
Minimum down payment: 5% on the first $500,000, 10% on the portion up to $1.5M, 20% at/above $1.5M. Stress test: OSFI's minimum qualifying rate, the greater of contract rate + 2% or 5.25% — this is what lenders require you to qualify at, not what you'll actually pay. Closing costs are a typical-range estimate, not a quote — actual legal fees vary. Verify all figures with a mortgage broker and lawyer before relying on them.