




This 3-bedroom, 1-bathroom single family in Nanaimo offers 1,283 sqft of living area on a 7,405 sqft lot. Built in 1949. The property has lot dimensions of 7405, zoned Residential/Commercial. The home features oil, other heating, a fireplace.
Opportunity awaits with this versatile Nanaimo property offering excellent redevelopment and investment potential. Situated on two separately titled lots with COR1 zoning, this unique offering opens the door to a variety of residential and commercial possibilities in a desirable central location. The existing 3-bedroom home offers a solid opportunity for renovation, ideal for buyers looking to update and create a comfortable residence while benefiting from the property's long-term upside. A large detached workshop adds exceptional value, perfect for hobbyists, tradespeople, or anyone needing substantial workspace separate from the home. MEASUREMENTS ARE ONLY APPROXIMATE, MUST BE VERIFIED IF IMPORTANT. With two legal lots and COR1 zoning, the property presents strong redevelopment or mixed-use potential (buyer to verify with the City of Nanaimo). Conveniently located close to amenities, transportation routes, and the Hospital, this is a rare opportunity to secure a flexible property with multiple paths for future value. (id:60351)
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Listed by Joe Figel, eXp Realty (NA)
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Listing represented by Joe Figel, eXp Realty (NA) · MLS# 1028900
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.