Description
Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.
Property Details
| Property Type | Residential |
| Property Sub Type | Single Family Detached |
| Listing ID | 996776 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Old City |
| Postal Code | V9R 4K6 |
| Property Taxes | $5,916.00 (2024) |
| Parking Total | 10 |
| Zoning | R15 |
| Facing | Southeast |
| Water | Municipal |
| Sewer | Sewer Connected |
| Heating | Baseboard |
| Appliances | Dryer,Range Hood,Refrigerator,Washer |
| Exterior Features | Fencing: Partial |
| Construction | Frame Wood,Insulation: Ceiling,Insulation: Walls,Wood |
| Roof | Asphalt Shingle |
| Foundation | Poured Concrete |
| Basement | None |
| Laundry | In House,In Unit |
| Listed Date | May 1, 2025 |
| Ownership | Freehold |
| Lot Size | 0.22 acres |
Rooms
| Room | Level | Dimensions | Description |
|---|---|---|---|
| Bathroom | Main level | 2-Piece | |
| Bathroom | Main level | 3-Piece | |
| Den | Main level | 7\'10 x 7\'5 | |
| Entrance | Main level | 14\'3 x 14\'4 | |
| Kitchen | Main level | 9\'8 x 7\'3 | |
| Living room | Main level | 31\'4 x 19\'1 | |
| Recreation room | Main level | 27\'3 x 23\'4 | |
| Storage | Main level | 10\'11 x 7\'5 |
Building Details
| Heating | Baseboard heaters |
| Stories | -1 |
| Total Finished | 3183 sqft |
| Appliances | Dryer, Refrigerator, Washer |
Parking
| Type | Spaces |
|---|---|
| Open |
Additional Information
| Features | Level lot |
| View | City view |
| Land Size | 9405 sqft |
| Land Access | Road access |
| Building Type | House |
| Interior Size | 3183 sqft |
| Transaction | For sale |