PRICE REDUCTION! $57K below assessed value. This is the opportunity in Diver Lake where renovated homes are selling for $750K-$800K. Here's your chance to get into one of Nanaimo's most desirable neighborhoods for $150K-$200K less—with room to add your own value and make it exactly what you want. The home offers 2,010 square feet across 4 bedrooms and 2 bathrooms. Built in 1970, it's well-maintained with solid bones and move-in ready condition. The main level features a cozy wood stove, open living and dining spaces, and natural light throughout. Downstairs provides finished space with a second kitchen (no stove) currently set up as an unauthorized suite—excellent potential for extended family, guests, or creating rental income down the road. But here's where the real value lives: the 10,019 square foot fully fenced lot. That's 30-50% larger than most homes in this price range. You get genuine outdoor space for gardens, pets, play areas, or future projects. In Diver Lake, where established lots with mature trees are increasingly rare, this kind of room to breathe matters. You're in top school catchment with Syu?én'ct Elementary, Forest Park Elementary, and Wellington Secondary all nearby. Beban Park with its pool, ice rink, farmers market, and sports fields is just minutes away. Shopping at Woodgrove, Country Club Centre, and Nanaimo North Town is close. The Nanaimo Parkway gives you easy highway access for commuting to anywhere on the Island. Comparable homes with legal suites in this area are selling for $880K-$920K. This property offers that same suite potential, a generous lot, and all the benefits of a premium Diver Lake location—for significantly less investment. Whether you're looking for family flexibility or long-term value creation, the opportunity is here. Smart buyers know that potential in a great neighborhood beats perfection in an average one. This home has solid bones, an exceptional location, and room to make it yours.
Address
4661 Wellington Rd
List Price
$599,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Diver Lake
Bedrooms
4
Bathrooms
2
Floor Area
2,010 Sq. Ft.
Lot Size
10019 Sq. Ft.
Lot Size (Acres)
0.23 Ac.
Year Built
1970
MLS® Number
1017537
Listing Brokerage
RE/MAX Select Properties
Basement Area
Full
Postal Code
V9T 2H2
Tax Amount
$4,532.58
Tax Year
2025
Features
Aluminum Frames, Dishwasher, Electric, F/S/W/D, Freezer, Laminate, Mixed, Refrigerator, Wood
Amenities
Central Location