CENTRAL NANAIMO INVESTMENT & DEVELOPMENT OPPORTUNITY! A rare chance to acquire a combined .35-acre property featuring a 2,345 sq ft home plus an adjoining R5-zoned development lot. The existing home offers excellent value-add potential with hardwood floors, bright living room with tile-surround FP, dining room, kitchen with rear deck access, 3 beds & family bath on the main. The partially finished lower level has a separate entrance, mudroom, laundry, rec room, studio/hobby space, additional bed & 3-pc bath, offering potential to explore a secondary suite. Mature landscaping provides privacy, while the adjoining R5 lot creates exciting possibilities for future development, with zoning allowing up to 4 units. An appealing opportunity to renovate, hold, generate future income or explore redevelopment in a convenient location near the hospital, shopping, schools, parks & transit. Home also available separately under MLS® 1049126. Meas. approx.
Hardwood flooring enhancing a dining area with multiple wall paint colors
Kitchen featuring wood cabinetry, a large window, tile flooring, built-in sink, and white appliances
Outdoor wooden deck featuring a perimeter railing and natural light
Spacious bedroom featuring wood-finish flooring, white walls, and a large window with natural light
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Spacious terraced backyard featuring a raised wooden deck, mature perimeter foliage, and a retaining wall
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Aerial Map. Depicting the property location and surrounding structures along Meredith Rd
Floor plan
Floor plan
Expansive cleared lot bordered by paved roads, offering a substantial development opportunity
Single-story residence featuring a textured light-colored exterior and a dark shingle roof
Stucco exterior featuring a white entry door, concrete steps, and a decorative wrought iron handrail
Living area featuring wood-finish flooring, a stone-clad fireplace with a decorative screen, and a wall-mounted sconce
Kitchen featuring wood cabinetry, white tile backsplash, a window over the sink, and tile flooring
Kitchen featuring light wood cabinetry with dark hardware, solid surface countertops, a white tile backsplash, and ceramic tile flooring
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Bedroom featuring wood-finish flooring, white walls with a contrasting accent wall in blue, and a visible closet opening with a hanging rod
Double vanity with wood-finish cabinetry and integrated sinks, complemented by a large mirror with overhead lighting
Interior room featuring wood-finish flooring, a vibrant accent wall, and a window with natural light
Room featuring wood-finish flooring, a double window, and a vibrant accent wall
Back yard view, with deck and lower level access.
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Lower level suite option with its own access.
Bathroom featuring a white pedestal sink, toilet, built-in shelving, and a shower with a patterned curtain
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Finished basement room featuring light wood-finish flooring, white painted walls, exposed ceiling ductwork, and a track lighting fixture with four individual lights
Unfinished basement offering exposed wood joists and structural beams, concrete flooring, and a partially framed room
Dedicated utility area featuring a brick wall accent and exposed ceiling joists
Expansive outdoor area featuring mature trees and natural landscaping
Fenced backyard area featuring mature trees and ample open space
Gravel driveway leading to a white exterior structure with multiple windows
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Expansive residential area featuring numerous mature trees and a distant mountain range
Public park setting featuring a large "NANAIMO" sign with a colorful "O" design
Aerial perspective showcasing a coastal community with extensive waterfrontage
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Additional content
Rear exterior featuring light-colored siding, a second-story wooden deck, and a ground-level access door
Data was last updated September 10, 2026 at 10:05 PM (UTC)
Area Statistics
Listings on market:
78
Avg list price:
$482,400
Min list price:
$214,900
Max list price:
$894,900
Avg days on market:
48
Min days on market:
1
Max days on market:
288
Avg price per sq.ft.:
$409.73
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.