674 Farquhar St
Nanaimo, BC V9R2E5
$495,000
Property Details
Property & Lot
- Sub-type
- House
- Lot size
- 4,702 square feet
- Zoning
- Multi-Family
R-14
Ownership & Fees
- Property type
- Detached House
- Ownership
- Freehold
- Annual property tax
- $2,984.86
Interior
- Heating
- Baseboard heaters, Electric
- Cooling / A/C
- None
- Fireplace
- None
Parking
- Total spaces
- 4
Room Dimensions
| Room | Level | Dimensions |
|---|---|---|
| Storage | Lower level | 9'7 x 19'6 |
| Storage | Lower level | 10'4 x 14'11 |
| Storage | Lower level | 19'11 x 42'7 |
| Bedroom | Main level | 8'5 x 9'1 |
| Kitchen | Main level | 7'10 x 14'3 |
| Dining room | Main level | 9'0 x 13'6 |
| Primary Bedroom | Main level | 7'11 x 10'5 |
| Living room | Main level | 11'6 x 18'8 |
| Bathroom | Main level | 4-Piece |
Listing Information
- MLS®
- 1038388
- Listed
- May 28, 2026
- Time on market
- On the market for 95 days
- Data last synced
- August 28, 2026
Listing provided by: eXp Realty (NA) · Data source: CREA DDF.
Description
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:63159)
Values & Trends
This listing
$546/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
48
7/9 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 | 430 m |
| Georgia Avenue Elementary | Elementary | 1.2 km |
| Pauline Haarer Elementary | Elementary | 1.4 km |
| John Barsby Secondary | Secondary | 1.4 km |
| Learning Alternatives | Secondary | 1.4 km |
| Park Avenue Elementary | Elementary | 1.5 km |
| Fairview Elementary | Elementary | 1.8 km |
| Nanaimo District Secondary | Secondary | 1.9 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 (5+)
- MGM · 240 Nicol Street160 m
- Indian Grill's477 m
- Bar Luna · Victoria Road 7635 m
- Bamboo Garden · 67 Victoria Crescent727 m
- Thai Cook · 22 Victoria Crescent776 m
Cafes (1)
- The Vault Cafe · 499 Wallace Street781 m
Grocery (1)
- Superette479 m
Parks (5+)
- View Street Park · 38 View Street273 m
- Deverill Square Gyro 2 Park · 200 Irwin Street343 m
- Rosamond Park · 1 Rosamond Street430 m
- Nob Hill Park · 400 Milford Crescent516 m
- Robins Park567 m
Gyms (1)
- Dolly's Gym · 111 Nicol Street384 m
Pharmacies (1)
- Central Drugs695 m
Banks & ATMs (2)
- Superette Foods - Bitcoin Well ATM · 687 Albert Street487 m
- TD776 m
Nearby places data: © OpenStreetMap contributors.
School district: Nanaimo-Ladysmith (SD68)
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Mortgage & Ownership Cost Calculator
Minimum required: 5.0% ($24,750) — 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.