Attention Investors! Here's your chance to seize a prime redevelopment opportunity in central Nanaimo. This 6510 sqft flat lot boasts dual road frontages and is serviced with water, sewer, and natural gas, setting the stage for a variety of development possibilities. Currently generating $2875/month in rental income, this property offers financial flexibility while you plan your next move. The rancher-style home features 3 bedrooms, 2 bathrooms, a laundry room, sunroom, and a separate 1 bed, 1 bath suite that can easily be integrated. Additional perks include a 5'9'' basement for storage, recent updates such as new floors, paint, and bathroom fixtures, plus a roof approximately 10-15 years old. Parking is abundant with space for cars or RVs, and there's potential to add a workshop or detached garage with access from Eberts Street. Located within minutes of Nanaimo Hospital, Vancouver Island University, Departure Bay Beach/Ferries, and other key amenities, this property promises both convenience and growth potential. Don't miss out on this rare opportunity to capitalize on Nanaimo's real estate market! All measurements are approximate and should be verified if important. (id:47421)
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Detailed Information
Bedrooms
3
Bathrooms
2
Features
Central location, Level lot, Park setting, Southern exposure, Partially cleared, Other, Rectangular, Marine Oriented
Listing Contract Date
2024-06-24
Municipal ID
006-481-931
Ownership Type
Freehold
# of Parking Spaces
1
Property Type
Single Family
Structures
Patio(s)
Transaction Type
For sale
Zoning Description
R1
Zoning
Residential
Building
Constructed Date
1953
Cooling Type
None
Heating Fuel
Electric, Natural gas
Heating Type
Forced air
Total Finished Area
1360 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Kitchen
Main level
5'8 x 5'8
Patio
Main level
15'0 x 9'2
Sunroom
Main level
9'10 x 9'5
Laundry room
Main level
6'7 x 5'9
Bathroom
Main level
4-Piece
Primary Bedroom
Main level
14'10 x 11'0
Bedroom
Main level
11'10 x 9'0
Family room
Main level
11'5 x 11'0
Ensuite
Main level
3-Piece
Other
Main level
5'8 x 5'8
Bedroom
Main level
11'8 x 9'3
Kitchen
Main level
12'11 x 8'3
Dining room
Main level
8'7 x 8'3
Living room
Main level
15'5 x 12'9
Entrance
Main level
9'2 x 3'10
Land
Total Size
6510 square feet
Size of Irregular Land
6510
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