The Old City & University District Real Estate

Living in the Old City, University District, Harewood, and South Jingle Pot is about embracing Nanaimo’s dynamic evolution. In 2026, this combined region has become the city's most versatile lifestyle hub. Your day might start with a walk through the historic, brick-lined streets of the Old City Quarter for a locally roasted coffee, or a hike around the peaceful, forested trails of Westwood Lake in South Jingle Pot. With Vancouver Island University (VIU) anchoring the area, there is a constant pulse of academic energy and cultural vibrance. Whether you are living in a restored 1920s bungalow, a modern "infill" townhome, or a sprawling equestrian estate just 5 minutes from downtown, this zone offers a blend of urban walkability and rural escape that is unmatched on the Island.

Market Insight: The High-Yield Opportunity Zone As of February 2026, this combined four-neighborhood quadrant is the fastest-evolving real estate sector in Nanaimo. While the city-wide benchmark sits near $812,000, this area offers incredible diversity. Harewood and the University District offer accessible entry points (often between $650k–$750k) and are the "Ground Zero" for Nanaimo’s new SSMUH (Small-Scale Multi-Unit Housing) zoning, making them highly prized by investors building high-yield student rentals. Meanwhile, South Jingle Pot commands a premium (frequently $1M+) for its secluded, custom-built homes and acreages beneath Mount Benson. For buyers and investors alike, this combined zone represents the highest potential for equity growth in the city.