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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
Rental Info Unrestricted
Year Built 1955
Annual Tax Amount $5,916
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
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
Basement None
Kitchen 2
Interior
Heating Baseboard
Cooling None
Flooring Laminate,Linoleum
Window Features Blinds,Window Coverings
Appliance Dryer,Range Hood,Refrigerator,Washer
Heat Source Baseboard
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
Accessibility Accessible Entrance
Handicap Access Accessible Entrance
Total Parking Spaces 10
Building
Lot Description Level
Faces Southeast
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Wood
Others
Pets Allowed Yes
Tax ID 008-811-679
Ownership Freehold
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs