Description
DEVELOPMENT OPPORTUNITY! Multifamily Site Alert: R8 Medium Density zoned property. Featuring ocean and mountain views. The property currently has two revenue generating suites. The upper unit boasts 3 bedrooms, 1 bathroom, with shared laundry. The lower unit includes one bedroom, 1 bathroom. Both units generate combined monthly revenue of $3,024.64 plus utilities. The huge back yard features tiered rock landscaping. The combination of its prime location, stunning views, and R8 zoning allows endless possibilities. Deep lot with 6,534 square feet of development potential. All measurements are approximate and should be verified if important. Can be purchased in conjunction with neighboring property (MLS 942729) with over 15,000 square feet of development opportunity.
Details
Updated on October 10, 2023 at 5:18 am- Property ID: 103149
- Price: $659,000
- Property Size: 1792.00 SqFt
- Land Area: 0.15 Acres
- Bedrooms: 4
- Bathrooms: 2
- Garages: 2
- Year Built: 1949
- Property Type: Single Family Detached
- Property Status: For Sale
- Living Area: 1792.00
- MLS#: 942703
- Office Name: WESCAP COMMERCIAL
- Agent Name: Dean Bethune
- MLS Status: Active
- Living Area Prefix: SqFt
- District: Nanaimo, City of
- Land Size: 6534.00
- Parking Type: Driveway
Additional details
- List Date: 2023-09-06
- List Office MLSID: 211149
- List Agent MLSID: 235935
- Property Type: Residential
- 3pc Bath: 2
- Tax Annual Amount: 3156.48
- Tax Assessed Value: 541000
- Tax Assessed Year: 2023
- Tax Book Number: 04-250-80764.000
- Tax Jurisdiction: City of Nanaimo
- Tax Legal Description: Lot 14, Block 11, Plan VIP584, Section 1, Nanaimo Land District, Exc Sly 49.5 Ft thereof Lot 15, Block 11, Plan VIP584, Part S1/2, Section 1, Nanaimo Land District
- Tax Year: 2023
- Flooring: Tile,Vinyl
- Basement Type: Finished
- Foundation Type: Slab
- Cooling: None
- Heating: Baseboard
- Exterior Finish: Stucco
- Zoning Description: R8
- Roof: Asphalt Shingle
- Sewer: Sewer Connected
- Water Source: Municipal
- Laundry Features: Common Area
Features
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