Excellent Commercial/Residential Investment Opportunity in the University District of Nanaimo, BC. The ½ acre treed and level property features an 1,849 Sq. Ft. Single Family Home over 2 levels and a 6-Unit apartment building. The property is situated on a corner with good traffic exposure with close proximity to downtown Nanaimo and amenities such as parks, shopping, restaurants, recreation, schools, and Vancouver Island University. The apartment building has 2 bachelor suites, four 1-Bed suites, coin-op laundry, separate hydro meters and lots of parking is available. There is a separate workshop and double garage providing additional income. Potential small-scale commercial/mixed-use businesses (e.g., hair/esthetic salon, appliance repair) could be allowed on site. The main house could serve as a residence or a rental while providing multiple streams of income through various facilities on the premises. The location and features make it a versatile investment with significant potential. (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
2
Features
Central location, Corner Site, Irregular lot size, Other
Listing Contract Date
2024-09-19
Municipal ID
002-697-131
Ownership Type
Freehold
# of Parking Spaces
12
Property Type
Single Family
Structures
Workshop
Transaction Type
For sale
Zoning Description
R6
Zoning
Residential
Building
Cooling Type
None
Heating Fuel
Electric
Heating Type
Baseboard heaters
Total Finished Area
1783 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Storage
Lower level
7'9 x 10'4
Bathroom
Lower level
4-Piece
Other
Lower level
7'7 x 13'7
Storage
Lower level
10'11 x 6'10
Entrance
Lower level
5'4 x 7'6
Family room
Lower level
14'9 x 17'1
Bedroom
Lower level
Measurements not available x 19 ft
Entrance
Main level
6'9 x 27'4
Bathroom
Main level
4-Piece
Laundry room
Main level
8'1 x 4'11
Bedroom
Main level
9'5 x 12'11
Bedroom
Main level
11'6 x 11'9
Kitchen
Main level
12'5 x 19'10
Living room
Main level
12'5 x 19'3
Land
Total Size
20909 square feet
Access Type
Road access
Size of Irregular Land
20909
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