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Nanaimo,BC V9R4K6
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 3,183 sqft
Price per Sqft $251
Subdivision Old City
MLS Listing ID 996776
Bedrooms 3
Originating Board Vancouver Island Real Estate Board
Year Built 1955
Lot Size 9,405 Sqft
Acres 9405.0
Property Sub-Type Freehold
Property Description
Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story ''missing middle'' housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important. (id:24570)
Location
Province BC
Zoning Residential/Commercial
Rooms
Kitchen 2.0
Extra Room 1 Second level 4-Piece Bathroom
Extra Room 2 Second level 10'3 x 9'1 Bedroom
Extra Room 3 Second level 11'6 x 10'7 Bedroom
Extra Room 4 Second level 13 ft x Measurements not available Primary Bedroom
Extra Room 5 Second level 11'3 x 10'4 Kitchen
Extra Room 6 Second level 25 ft x Measurements not available Living room
Interior
Heating Baseboard heaters
Cooling None
Exterior
Parking Features No
View Y/N Yes
View City view
Total Parking Spaces 10
Private Pool No
Others
Ownership Freehold