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Key Facts

Type Single Family Residence
Levels Residential
Size 3183 sqft
Garage No
Taxes $5,916
Days Active 45
Lot Size 
Approx. Age 1955
Avg. Price Per Sqft $251
MLS® Number 996776

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number996776
Laundry LevelIn House, In Unit
Central VacNo
FireplaceNo
Acreage0.22
ExteriorFencing: Partial
GarageNo
Approx. Age1955
BasementNone
DrivewayOpen
Garage Spaces
HeatBaseboard
A/CNone
Heating Fuel

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