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Nanaimo,BC V9R 4K6
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 3,183 sqft
Price per Sqft $251
MLS Listing ID 996776
Style Main Level Entry with Upper Level(s)
Bedrooms 3
Year Built 1955
Annual Tax Amount $5,916
Tax Year 2024
Lot Size 9,583 Sqft
Property Sub-Type Single Family Detached
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.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning R15
Rooms
Kitchen 2
Interior
Heating Baseboard
Cooling None
Flooring Laminate,Linoleum
Laundry In House,In Unit
Exterior
Exterior Feature Fencing: Partial
Parking Features Open
Utilities Available Cable To Lot,Compost,Electricity To Lot,Garbage,Natural Gas Available,Phone To Lot,Recycling
View Y/N Yes
View City
Roof Type Asphalt Shingle
Building
Lot Description Level
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Wood
Others
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs