Description
Exceptional investment opportunity near the heart of Cedar. Situated on a private and peaceful 1-acre parcel at 2062 Waring Road, this property is offered at attractive price below BC Assessment value. Located on a no-through road, the setting is quiet, rural, while still offering convenient access to nearby amenities. The property features two separate building structures. The primary residence is livable and includes an unauthorized suite, offering additional income rental potential. The second home has not been occupied for some time and presents a significant opportunity for rebuild or redevelopment, allowing investors or buyers to add substantial value to the property. With its generous lot size, multiple structures, and strong upside potential, this property is well-suited for investors, renovators, or buyers looking for a long-term value-add opportunity in a desirable Cedar location. All measurements are approximate and should be verified
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 1022821 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Cedar |
| Postal Code | V9X 1W1 |
| Property Taxes | $3,210.50 (2025) |
| Parking Total | 5 |
| Zoning | RSI |
| Facing | Southeast |
| Water | Well: Drilled |
| Sewer | Septic System |
| Heating | Forced Air,Oil |
| Construction | Insulation: Ceiling,Insulation: Walls |
| Roof | Fibreglass Shingle |
| Foundation | Other |
| Basement | Full,Partially Finished |
| Laundry | In House |
| Listed Date | Jan 9, 2026 |
| Ownership | Freehold |
| Lot Size | 1.00 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 4-Piece | |
| Bedroom | Main level | Measurements not available x 8 ft | |
| Bedroom | Main level | 11\'6 x 9\'6 | |
| Dining room | Main level | 10\'6 x 7\'6 | |
| Kitchen | Main level | 11 ft x Measurements not available | |
| Living room | Main level | Measurements not available x 12 ft | |
| Primary Bedroom | Main level | Measurements not available x 10 ft |
Building Details
| Heating | Forced air |
| Heating Fuel | Oil |
| Stories | -1 |
| Total Finished | 1920 sqft |
Parking
| Type | Spaces |
|---|---|
| Open |
Additional Information
| Features | Level lot, Private setting, Wooded area, Other |
| Land Size | 1 ac |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 1920 sqft |
| Transaction | For sale |