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$ 604,000
Est. payment | /mo
8,712 Sqft Lot
$ 604,000
Est. payment | /mo
8,712 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 997288
Rental Info Unrestricted
Annual Tax Amount $3,291
Tax Year 2024
Lot Size 8,712 Sqft
Acres 0.2
Property Sub-Type Multi Family
Property Description
This downtown Nanaimo property offers a rare opportunity for small to mid-scale developers entering the multi-family market. While currently generating rental income as a single-family home, its true value lies in the approved development permit for a fourplex with four three-bedroom units. Each unit features a family-friendly layout, private exterior balcony, and townhouse-style entry. Two units will enjoy limited ocean views. This design balances privacy and community—features today's buyers value. New three-bedroom builds are scarce in Nanaimo, making this project especially appealing. It meets all required parking and exemplifies “missing middle” housing by delivering practical density without sacrificing livability. With approvals in place and attractive floorplans, this is an excellent build-to-sell or build-to-hold opportunity in a market with high demand and low supply. Measurements Approx. Verify if important.
Location
Province BC
County Nanaimo, City Of
Area Na Old City
Exterior
Parking On Site 1
Others
Pets Allowed Yes
Tax ID 008-519-501
Ownership Freehold
Listed by RE/MAX of Nanaimo
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