374 NICOL STREET
Vancouver Island · V9R4T4
$399,900
About this residence
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:61366)
Property details
- Property type
- Single Family
- Style
- House
- Ownership
- Freehold
- Bedrooms
- 2
- Bathrooms
- 1
- Living area
- 735 sq ft
- Lot size
- 4719
- Parking
- 2 spaces
- Annual tax
- $2,688
- MLS®
- 1003724
- Board
- Vancouver Island
- Status
- Inactive
- Listed
- Jul 2, 2025
- Updated
- Dec 19, 2025
Room dimensions
| Room | Level | Dimensions |
|---|---|---|
| Laundry room | Main level | 6 × 10 feet |
| Primary Bedroom | Main level | 13 × 11 feet |
| Living room | Main level | 11'2 |
| Kitchen | Main level | 12'10 x 11'2 |
| Bedroom | Main level | 10 × 11 feet |
| Bathroom | Main level | 4-Piece |
Features & finishes
Heating
- Forced air
- Natural gas
Financing
Estimated monthly payment
$1,870/mo
Loan amount
$319,920
Down payment
$79,980
Estimate only. Rates and terms vary by lender and qualification.
Powered by Lenderoo.caLocation & area
Vancouver Island
Nearby
About the area
Census · V9R- 31,992
- Population
- 41
- Median age
- $67,500
- Median income
- $548,000
- Median home value
- 60%
- Home ownership
- 21 min
- Avg. commute
Age distribution
Tenure
Neighbourhood statistics for the property’s forward sortation area. Figures are census-derived estimates.
Powered by Neighbourly.ioFrequently asked questions
What is the asking price for 374 NICOL STREET?
374 NICOL STREET is listed for $399,900, in Vancouver Island.
How many bedrooms and bathrooms does 374 NICOL STREET have?
It offers 2 bedrooms and 1 bathroom.
What type of home is 374 NICOL STREET?
374 NICOL STREET is a Single Family, House.
How large is 374 NICOL STREET?
The home offers approximately 735 sq ft of living space on a lot measuring 4719.
What would the monthly mortgage payment be?
With a 20% down payment at a 5.0% interest rate over a 25-year amortization, the estimated monthly payment is about $1,870. Use the mortgage calculator above to model your own scenario.
What are the annual property taxes?
Property taxes are approximately $2,688 per year.
Is there parking?
Yes — 374 NICOL STREET includes 2 parking spaces.
What is the Vancouver Island area like?
Vancouver Island has a population of about 31,992, a median age of 41, a 60% home-ownership rate, with an average commute of about 21 minutes.
What is the average home value in Vancouver Island?
The median dwelling value in this area is approximately $548,000, based on census data via Neighbourly.
What is the median household income in Vancouver Island?
The median household income in this area is approximately $67,500.
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