Seize the opportunity with this expansive quarter-acre of flat land located in the heart of Nanaimo! This prime piece of real estate is ready for your vision, with the city's support for higher density developments. Imagine the possibilities: townhomes, a mixed-use complex with commercial spaces on the ground floor, and stylish condos above (with city approval).
This property isn't just an investment; it comes with a charming 4-bedroom home, perfect for immediate rental income or as a primary residence while planning your project. The seller is even open to a rent-back arrangement, providing you with flexible options. With new legislation on the horizon, you have the chance to retain the existing home and add a secondary dwelling, maximizing the potential of this lot. This is a golden opportunity you won't want to miss! Don't wait! This property offers endless possibilities for developers and investors alike.
All measurements are approx..
Property Type:
Commercial Sale
Type:
Other
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
11,296.078 sq. ft.1,049.44 m2
Total Building Area:
2,470 sq. ft.229.471 m2
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Parking Features:
On Site
Date Listed:
May 27, 2024
Original Price:
869000.0
Listed by RE/MAX of Nanaimo
Data was last updated June 28, 2024 at 08:05 AM (UTC)