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Attention: Prime, Oceanview, Multi-Family Development Property Private

1 week ago Houses for Sale Nanaimo   8 views

$699,900

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Location: Nanaimo
Price: $699,900

Attention Developers!! Prime, Oceanview, Multi-Family Development Property on Nanaimos busiest traffic corridor in the heart of Downtown! COR2 zoning allows for Multi family apartment, or mixed multifamily and commercial building up to 13,068 sq ft (if Tier 1 requirements for extra density are met). Property is improved with a large, Oceanview character home which would provide great holding income while exploring development opportunities. The first & second floors offer amazing ocean views, 4 bedrooms, a large kitchen, 2 big bathrooms, hardwood flooring, efficient remote activated baseboard heat, hardwood flooring, fireplace and detached garage The house could also be converted to high-end office space - the central location, high-traffic exposure and ample off-street parking make it ideal for a lawyer/accountant office or medical clinic which would provide great holding income. Plus, available hazmat report indicates no asbestos and low property taxes. Awesome multi-family development potential, offering breathtaking ocean, city, and mountain views - close to shopping, BC Ferries, Hospital, seaplane terminal, marinas, parks and short walk to Seawall and Yacht Club. This one will not last long; Book your personal viewing today!

Mike Phillips Personal Real Estate Corporation Sutton Group-West Coast Realty (Nan) #604-5800 Turner Rd Nanaimo, BC V9T 6J4 www.westcoast.sutton.com www.housebymouse.org

Additional Details

Bedrooms 4
Bathrooms 2
Property Address 510 Terminal Ave N, Nanaimo, BC V9S 4K2, Canada