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:47421)
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Detailed Information
Bedrooms
5
Bathrooms
3
Features
Central location, Other
Listing Contract Date
2025-11-13
Municipal ID
004-572-122
Ownership Type
Freehold
# of Parking Spaces
5
Plan
VIP13448
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R10
Zoning
Multi-Family
Building
Appliances
Dryer, Stove, Refrigerator, Washer
Constructed Date
1972
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
2
Heating Fuel
Oil
Heating Type
Hot Water
Type
House
Rooms
Room
Level
Dimensions
Notes
Recreation room
Lower level
28'0 x 11'9
Storage
Lower level
6'9 x 5'1
Entrance
Lower level
8'4 x 7'6
Storage
Lower level
15'5 x 13'4
Bathroom
Lower level
4'7 x 9'6
Bedroom
Lower level
9'9 x 9'6
Bedroom
Lower level
9'9 x 9'6
Living room
Main level
28'9 x 12'4
Dining room
Main level
11'5 x 9'0
Ensuite
Main level
5'3 x 5'2
Primary Bedroom
Main level
15'7 x 13'3
Bathroom
Main level
6'10 x 9'10
Bedroom
Main level
11'10 x 9'10
Bedroom
Main level
11'0 x 9'10
Kitchen
Main level
11'6 x 12'4
Land
Total Size
1.7 acres
Access Type
Road access
Acreage
Yes
Size of Irregular Land
1.7
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