Description
Welcome to 553 Larch St in Central Nanaimo, where you’ll discover a truly exceptional property boasting breathtaking Ocean Views & boundless opportunities for redevelopment. This prime location grants easy access to all the amenities Nanaimo has to offer. A standout feature is its R8 multifamily zoning, allowing for the development of up to 16 units. This presents an ideal investment opportunity for developers seeking to capitalize on the growing demand for housing in the area. Prepare to be mesmerized by the spectacular Ocean Views this property offers. Imagine waking up every morning to the sunrise over the ocean, watching the seaplanes take off. Currently the property includes a charming home with 3 beds, 2 baths & over 2000sqft of living space. Whether you envision constructing your dream home or developing a multi-unit complex, this property has everything you need to make it happen. The combination of its prime location, stunning views, and R8 zoning allows endless possibilities.
Details
Updated on October 4, 2023 at 1:36 am- Property ID: 61143
- Price: $1,299,900
- Property Size: 3001.00 SqFt
- Land Area: 0.21 Acres
- Bedrooms: 4
- Bathrooms: 2
- Garages: 4
- Year Built: 1949
- Property Type: Single Family Detached
- Property Status: For Sale
- Living Area: 2096.00
- MLS#: 938146
- Office Name: 460 REALTY INC. (NA)
- Agent Name: Cody Dreger
- MLS Status: Active
- Living Area Prefix: SqFt
- District: Nanaimo, City of
- Land Size: 9300.00
- Parking Type: Driveway,Garage
Additional details
- List Date: 2023-07-21
- List Office MLSID: 210820
- List Agent MLSID: 225222
- Property Type: Residential
- 5pc Bath: 1
- Tax Annual Amount: 4693.00
- Tax Assessed Value: 850000
- Tax Assessed Year: 2023
- Tax Book Number: 83745000
- Tax Jurisdiction: City of Nanaimo
- Tax Legal Description: Amended Lot 9 (DD 74417-N), Block 8, District Lot 14, Newcastle Reserve, Section 1, Nanaimo District, Plan 1972
- Tax Year: 2022
- Flooring: Mixed
- Basement Type: Partially Finished
- Lot Features: Central Location,Family-Oriented Neighbourhood,Marina Nearby,Rectangular Lot,Serviced,Shopping Nearby
- Foundation Type: Slab
- Cooling: None
- Heating: Forced Air,Natural Gas
- Exterior Finish: Frame Wood,Insulation All,Wood
- Zoning Description: R8
- Roof: Asphalt Shingle
- Sewer: Sewer Connected
- Water Source: Municipal
- Accessibility Features: Ground Level Main Floor,Primary Bedroom on Main
- Fireplaces Total: 1
- Fireplace Features: Wood Burning
- Laundry Features: In House
- Exterior Features: Balcony/Deck,Balcony/Patio
- Interior Features: Bar,Closet Organizer,Dining/Living Combo
Features
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