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.
44 days
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12
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0
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Zillow last checked:
Listing updated:
Listed by:
Lee Robinson,
Royal LePage Nanaimo Realty (NanIsHwyN)
Source: VIVA,MLS®#: 1042257
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 1
Bathrooms: 1
Main level bathrooms: 1
Main level bedrooms: 1
Kitchen
Level: Main
Heating
Electric, Heat Pump
Cooling
HVAC
Appliances
Laundry: Inside
Features
Basement: Not Full Height,Walk-Out Access
Has fireplace: No
Interior area
Total structure area: 1,113
Total interior livable area: 574 sqft
Property
Parking
Total spaces: 3
Parking features: Open, RV Access/Parking
Has uncovered spaces: Yes
Features
Entry location: Ground Level
Fencing: Fenced
Lot
Size: 7,405 Square Feet
Features: Central Location, Corner Lot, Curb & Gutter, Easy Access, Recreation Nearby, Serviced, Shopping Nearby, See Remarks