This one is NOT for the faint of heart but it’s a heck of a development opportunity! 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. (id:60457)

Room Type	Level	Dimensions

Date	Status	Price	Change
2024-Dec-14	Listed	$1,250,000	-2.0%
2024-Nov-27	Price Change	$1,275,000	-1.8%
2024-Oct-31	Listed	$1,299,000	-
R2847392 - Royal LePage West Real Estate Services
2023-Aug-21	Sold	$1,150,000	-2.1%
2023-Aug-09	Price Change	$1,175,000	-2.0%
2023-Jul-14	Listed	$1,199,000	-
R2798456 - Sutton Group West Coast Realty
2022-Mar-17	Sold	$985,000	-1.4%
2022-Mar-04	Listed	$999,000	-
R2654321 - RE/MAX Crest Realty
2021-Sep-11	Sold	$825,000	-2.8%
2021-Aug-27	Listed	$849,000	-
R2587123 - Century 21 In Town Realty

Date	Status	Price	Change

Rate

Provider

Payment

3.79%

Coast Capital

$1,910

4.09%

Manulife

$1,980

4.19%

CIBC

$2,003

4.39%

National Bank

$2,051

4.49%

BMO

$2,075

4.59%

RBC

$2,099

4.59%

$2,099

4.84%

CWB

$2,159

5.59%

Community Trust

$2,346

Date	Status	Price	Change
2024-Dec-14	Listed	$1,250,000	-2.0%
2024-Nov-27	Price Change	$1,275,000	-1.8%
2024-Oct-31	Listed	$1,299,000	-
R2847392 - Royal LePage West Real Estate Services
2023-Aug-21	Sold	$1,150,000	-2.1%
2023-Aug-09	Price Change	$1,175,000	-2.0%
2023-Jul-14	Listed	$1,199,000	-
R2798456 - Sutton Group West Coast Realty
2022-Mar-17	Sold	$985,000	-1.4%
2022-Mar-04	Listed	$999,000	-
R2654321 - RE/MAX Crest Realty
2021-Sep-11	Sold	$825,000	-2.8%
2021-Aug-27	Listed	$849,000	-
R2587123 - Century 21 In Town Realty

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Private Data

Year	Land	Impr.	Total	YoY%
2026	$519,000	$142,000	$661,000	-5.2%
2024	$519,000	$178,000	$697,000	+12.8%
2023	$443,000	$175,000	$618,000	+37.0%
2022	$314,000	$137,000	$451,000	+28.5%
2021	$234,000	$117,000	$351,000	+41.5%
2020	$121,000	$127,000	$248,000	-

Year	Land	Impr.	Total	YoY%	Taxes

Asking Price:	$599,000
Listing Date:	2026-May-05
Maint. Fee:	-
Bedrooms:	5
Bathrooms:	3
Floor Area:	2,621 sqft
Price / SqFt:	$229
Age:	121 years
Land Size:	0.20 ac. (8,592 sqft)
Days on Market:	25
MLS® Number:	1034633
Distance:	755 m

Year	Land	Impr.	Total	YoY%
2026	$519,000	$142,000	$661,000	-5.2%
2024	$519,000	$178,000	$697,000	+12.8%
2023	$443,000	$175,000	$618,000	+37.0%
2022	$314,000	$137,000	$451,000	+28.5%
2021	$234,000	$117,000	$351,000	+41.5%
2020	$121,000	$127,000	$248,000	-

Property Photos

528 Hecate St, Nanaimo, BC V9R 4K2

528 Hecate St, Nanaimo, BC V9R 4K2

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Borhan Farjoo

Borhan Farjoo

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