Nanaimo, British Columbia V9T1C4
$575,000
MLS® 1042257
1
Bedrooms
1
Bathrooms
574 square feet
Living Area
1956
Year Built
Single Family
Type
7,500 square feet
Lot Size
3
Parking
Prime development opportunity in the heart of Departure Bay! Situated on a 7,500 SF corner lot and zoned R5, this property offers outstanding potential for developers, investors, or buyers seeking future upside with zoning that allows for up to 4 units. The property features an older 1 bedroom, 1 bathroom home currently owner occupied and ideal as a holding property while redevelopment plans are underway. Excellent revenue potential during the planning process. Located in one of Nanaimo’s most desirable neighbourhoods, directly across from an elementary school and just 2 blocks to the high school, with shopping, parks, beaches, transit, and amenities all nearby. Rare opportunity to secure a well-located redevelopment site in an established, high-demand area. (id:65701)
Listed by
Royal LePage Nanaimo Realty (NanIsHwyN)
Vancouver Island
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