+21 more
5
Bedrooms
3
Bathrooms
2,600 sqft
Living Area
1.7 ac
Lot
1972
Year Built
About This Property
This 5-bedroom, 3-bathroom single family in Nanaimo offers 2,600 sqft of living area on a 1.7 ac lot. Built in 1972. The property has lot dimensions of 1.7, zoned Multi-Family. The home features oil, hot water heating, a fireplace. Highlights include a 5-car garage.
MLS Remarks
Strategic investment opportunity in one of Nanaimo's most desirable neighbourhoods. This 1.7-acre ocean-view property includes a 5-bedroom, 3-bath home offering immediate rental income with an option to add a basement suite for a great holding property while planning your next project. With R10 zoning supporting up to 16 units per hectare, the site is ideal for future townhome or duplex development. The gently sloping terrain offers excellent ocean-view exposure, and mature, saleable timber on the property provides revenue or offsets development costs. Located minutes from schools, parks, shopping, and transit, this property combines short-term income potential with long-term redevelopment upside -an exceptional opportunity for builders and investors alike. Can be purchased as a package with MLS: 1020314 All data and measurements approximate; buyers to verify if important. (id:60351)
Overview
Property Typeresidential
Sub-Typesingle family
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