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$799,000
Est. payment /mo
9,583 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 996780
Rental Info Unrestricted
Annual Tax Amount $5,916
Tax Year 2024
Lot Size 9,583 Sqft
Acres 0.22
Property Sub-Type Mixed Use
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 Na Old City
Zoning R15
Interior
Heating Electric
Flooring Laminate, Linoleum
Heat Source Electric
Exterior
Exterior Feature Fencing: Partial
Parking On Site 1
Building
Foundation Poured Concrete
Structure Type Frame Wood,Insulation: Ceiling,Insulation: Walls,Wood
Others
Pets Allowed Yes
Tax ID 008-811-679
Ownership Freehold
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Listed by RE/MAX of Nanaimo