Lot 4 Hecate St

Lot 4 Hecate St · Nanaimo, Old City · Vacant Land · $514,900 · MLS 1038638

Nanaimo, British Columbia · Neighbourhood: Old City
C$514,900
For sale
Lot 4 Hecate St

Lot 4 Hecate St is located in Nanaimo (Old City). Property snapshot: Vacant Land, listed at $514,900, MLS 1038638. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 50. Latest recorded list price 514900.00.

List Price: $514,900
MLS: 1038638
Days on Site: 50
Price History: Latest recorded list price 514900.00

Local Decision Guide

How should buyers evaluate Lot 4 Hecate St?

Start by reading this listing in its Nanaimo Old City context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for Lot 4 Hecate St?

This page shows a list price of $514,900 with MLS 1038638.

What type of home is this Nanaimo, Old City listing?

The page shows Vacant Land at Lot 4 Hecate St. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 50 days on market/site. Latest recorded list price 514900.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

Just around the corner from the historic Nob Hill park, adjacent the old city quarter and just minutes away from every transportation option to the mainland you’ll find 528 Hecate St. Sitting on a 6,336 sq ft corner lot with R15 Old City Medium Density Residential zoning in place, this property opens the door for redevelopment ideas in an area that continues to evolve. Although the current home has been boarded up for safety, the opportunity here is all about the land, location, and future potential. A demolition quote is available for buyers looking to start fresh. If bringing this 1911 home back to life IS possible there’s currently over 2,800 square feet of structure on site plus an additional unauthorized dwelling at the rear of the property. This is definitely a project… but for the right buyer, builder, or developer, there may be an exciting opportunity to reimagine this property entirely. Seller has preliminary plan available as part of purchase price. (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
1911
Year Built
115 years
Age
50
Days on Site
6,336 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29825287 (1038638)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$514,900

Lot Area: 6,336 sf

PID: 000-341-266

Days on Site: 50 days

Added to BurnabyHouse: 2026-05-29

Updated on: 2026-05-29 04:02 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Superette
About 247.6 m away
ManLee Oriental
About 501.3 m away
385 Terminal Avenue
Shopping Centres
Old City Quarter
About 519.2 m away
Port Place Shopping Centre
About 564.6 m away
650 Terminal Avenue
Parks / Green Space
SAYSUTSHUN (NEWCASTLE ISLAND MARINE) PARK
About 1.7 km away
Class A · 0133 · 00
PETROGLYPH PARK
About 2.2 km away
Class A · 0043 · 00

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Fri, 29 May 2026 03:32:25 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: eXp Realty (NA)

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