See all 9 photos
9 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$799,000
Est. payment /mo
0.25 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 984916
Rental Info Unrestricted
Annual Tax Amount $3,087
Tax Year 2024
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Multi Family
Property Description
Attention Builders and Investors: A Rare Opportunity in the Heart of Nanaimo's University District! This is your chance to secure two separate, fully legal lots (two PIDs), both zoned R5, allowing for the construction of 2 fourplexes. This unique offering is a true income generator as you navigate the permitting process. Lot 1: A 6,457 sq. ft. property featuring a rentable home that is currently vacant—perfect for immediate revenue potential. Lot 2: A 4,525 sq. ft. parcel of vacant land, ready for development. Both lots boast excellent laneway access and are located just a short walk from VIU, a prime area for rental demand. And there's more—an additional lot is available under a separate MLS listing, presenting the rare opportunity to create a 3 lot, 12-unit project -.Opportunities like this are unheard of in the University District. Whether you're looking to build, develop, or invest, this is a strategic acquisition you don't want to miss! All measurements are approximate
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning R5
Exterior
Parking On Site 1
Others
Pets Allowed Yes
Tax ID 005-802-661
Ownership Freehold
Read Less Info
Listed by RE/MAX of Nanaimo
Questions about this home? Happy to help!