Mike Rasmussen

WORKING, SERVING & LIVING IN THE COWICHAN VALLEY

My Listings

502 Elizabeth St
Na University District Nanaimo V9R 3C9

$635,000
Residential beds: 4 baths: 4.0 1,556 sq. ft. built: 1954

Ranch-style house featuring roof with shingles, a wooden deck, and a front lawn
Photo 1: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 2: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 3: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 4: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 5: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 6: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 7: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 8: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 9: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 10: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Photo 11: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
Status:
Sold
Prop. Type:
Residential
MLS® Num:
1020451
Sold Date:
Jan 29, 2026
Bedrooms:
4
Bathrooms:
4
Year Built:
1954
This legal duplex offers excellent value for homeowners and investors alike. Perfectly situated near schools, parks, and major transportation routes, it provides unbeatable convenience in one of Nanaimo’s most sought-after rental areas. Each side offers 778 sq ft of well-designed living space with 2 bedrooms, 2 bathrooms, and a large laundry room—a layout always in high demand. The property is fully occupied with great tenants, providing immediate and reliable income. Extensive updates offer peace of mind, including a newer roof, updated windows, modern flooring, improved perimeter drainage, fresh paint, and more. With schools and amenities just minutes away—Malaspina Pre-School (1 min), Fairview Elementary (2 min), NDSS (10 min), Nanaimo Ice Centre (14 min), and VIU (20 min)—the location appeals to families, students, and long-term renters. Whether you're seeking a strong portfolio addition or a home with rental income, this is a low-risk investment with excellent value.
Price:
$635,000
Dwelling Type:
Full Duplex
Property Type:
Residential
Bedrooms:
4
Bathrooms:
4.0
Year Built:
1954
Floor Area:
1,556 sq. ft.
Lot Size:
5,940 sq. ft.
MLS® Num:
1020451
Status:
Sold
Floor
Type
Size
Other
Main Floor
Bedroom
11' × 10'
Main Floor
Bedroom
12' × 11'
Main Floor
Bedroom
12' × 12'
Main Floor
Bedroom
11' × 10'
Main Floor
Kitchen
18' × 6'
Main Floor
Kitchen
18' × 6'
Main Floor
Living Room
18' × 18'
Main Floor
Living Room
18' × 18'
Floor
Ensuite
Pieces
Other
Main Floor
No
2
2-Piece
Main Floor
No
4
4-Piece
Main Floor
No
4
4-Piece
Main Floor
No
2
2-Piece
  • Photo 1: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Ranch-style house featuring roof with shingles, a wooden deck, and a front lawn
  • Photo 2: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    View of front of property featuring a front yard, covered porch, and a shingled roof
  • Photo 3: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Living area featuring wood finished floors
  • Photo 4: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Living area with wood finished floors and wooden walls
  • Photo 5: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Home office featuring dark wood-style floors and baseboards
  • Photo 6: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Kitchen with white appliances, white cabinets, and light countertops
  • Photo 7: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Bedroom featuring a chandelier
  • Photo 8: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Bathroom featuring vanity and shower / bathtub combination with curtain
  • Photo 9: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Photo 9 of 11
  • Photo 10: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Photo 10 of 11
  • Photo 11: 502 Elizabeth St in Nanaimo: Na University District Full Duplex for sale : MLS®# 1020451
    Photo 11 of 11
Listed by 2% Realty Pacific Coast Inc., sold on January, 2026
Data was last updated March 6, 2026 at 04:05 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$759,950
Min list price:
$235,000
Max list price:
$1,299,900
Avg days on market:
51
Min days on market:
1
Max days on market:
409
Avg price per sq.ft.:
$384.93
These statistics are generated based on the current listing's property type and located in Na University District. Average values are derived using median calculations. This data is not produced by the MLS® system.
MIKE RASMUSSEN
Mike Rasmussen
Call/Text: 604-805-2086
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.