374 Nicol St

374 Nicol St · Nanaimo · House · 2 bed · 1 bath · $394,900 · MLS 1039143

Nanaimo, British Columbia
C$394,900
For sale
374 Nicol St

374 Nicol St is located in Nanaimo. Property snapshot: House, 2 bed, 1 bath, listed at $394,900, MLS 1039143. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: -. BurnabyHouse Deal Score: 50/100. Latest recorded list price 3

List Price: $394,900
MLS: 1039143
Bedrooms: 2
Bathrooms: 1
Interior Size: 735 sqft
Days on Market: -
Days on Site: 12
Deal Score: 50/100
Price History: Latest recorded list price 394900.00

Local Decision Guide

How should buyers evaluate 374 Nicol St?

Start by reading this listing in its Nanaimo 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 374 Nicol St?

This page shows a list price of $394,900 with MLS 1039143.

What type of home is this Nanaimo listing?

The page shows House, 2 bed, 1 bath at 374 Nicol 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 - days on market/site. Latest recorded list price 394900.00.

What does the Deal Score of 50/100 mean?

Deal Score is a BurnabyHouse screening score based on list price, assessment, DOM, strata fees, rent yield and area-average signals. It helps with first-pass screening and does not replace inspection, financing, legal or municipal due diligence.

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

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:56153)

Property Details

House
Building Type
2
Bedrooms
1
Bathrooms
4,719 sf
Lot Area
735 sqft
Interior Size
C$537
Price per Sqft

Transaction: For sale

Status: active

Listing ID: 29846407 (1039143)

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The information below is generated by BurnabyHouse.com for your convenience and may not always be accurate. Consult a Realtor to verify.

Site Context

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

Property Summary

Price: C$394,900

Lot Area: 4,719 sf

PID: 008-820-821

Days on Site: 12 days

Added to BurnabyHouse: 2026-06-03

Updated on: 2026-06-03 10:02 AM 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 685.1 m away
Thrifty Foods
About 1 km away
650 Terminal Avenue, Nanaimo
Shopping Centres
Port Place Shopping Centre
About 1 km away
650 Terminal Avenue
Old City Quarter
About 1.1 km away

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: Wed, 03 Jun 2026 08:53:22 AM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Sutton Group-West Coast Realty (Nan)

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