Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story ''missing middle'' housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important. (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
3
Features
Level lot
Listing Contract Date
2025-05-01
Municipal ID
008-811-679
Ownership Type
Freehold
# of Parking Spaces
10
Property Type
Single Family
Transaction Type
For sale
Views
City view
Zoning Description
R15
Zoning
Residential/Commercial
Building
Appliances
Dryer, Refrigerator, Washer
Constructed Date
1955
Cooling Type
None
Heating Type
Baseboard heaters
Type
House
Rooms
Room
Level
Dimensions
Notes
Bathroom
Second level
4-Piece
Bedroom
Second level
10'3 x 9'1
Bedroom
Second level
11'6 x 10'7
Primary Bedroom
Second level
13 ft x Measurements not available
Kitchen
Second level
11'3 x 10'4
Living room
Second level
25 ft x Measurements not available
Entrance
Second level
11'6 x 4'6
Storage
Main level
10'11 x 7'5
Den
Main level
7'10 x 7'5
Bathroom
Main level
2-Piece
Bathroom
Main level
3-Piece
Recreation room
Main level
27'3 x 23'4
Entrance
Main level
14'3 x 14'4
Kitchen
Main level
9'8 x 7'3
Living room
Main level
31'4 x 19'1
Parking Spaces
Name
Spaces
Open
Land
Total Size
9405 square feet
Access Type
Road access
Size of Irregular Land
9405
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