Welcome to 453 Watfield! This 5,435 sqft flat lot is a rare opportunity, zoned R1 and R5, offering flexibility for a variety of builds. With alley access and carriage house potential, you can create a single-family home with suite and carriage house, or even a tri- or four-plex. Essential services, including sewer and water, are already at the lot line (storm drainage still required). Ideally located just 3 blocks from VIU and close to parks, shops, and schools, this property combines convenience, strong income potential, and a vibrant lifestyle. Priced BELOW assessment!
Property Type:
Residential
Type:
Land
Listing General Location:
Na University District, Nanaimo
Bedrooms:
0
Bathrooms:
0.0
(Full:-/Half:-)
Lot Size:
5,435 sq. ft.505 m2
Kitchens:
0
Taxes:
$2,745 /
2020
New Construction:
No
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Water supply:
To Lot
Sewer:
Sewer Available
Fireplace:
No
Pending Date:
Oct 30, 2025
Date Sold:
Nov 17, 2025
Main Level
0
Yes
No
Unrestricted
Financing Notes:
3.5 % 100k & 1.5 BAL if physical introduction, otherwise 1.75% & 0.75% BAL
Assessed:
436000.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 12 BLOCK 1 SECTION 1 NANAIMO DISTRICT PLAN 1690
Zoning:
R1 & R5
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
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:
Vacant
Property Condition:
Resale
Lot Site Features:
Central Location, Cleared, Easy Access, No Through Road, Private, Quiet Area, Recreation Nearby, Serviced, Shopping Nearby, Southern Exposure