$2,500,000 FOR SALE

Commercial/Retail

1303 Junction Ave
Nanaimo, BC V9R 6R6 | Chase River

Prime Development Opportunity! This 1.42-acre site is fairly level and offers 328 feet of frontage and is an ideal rezone to Medium to High-density Residential development, Commercial Center or mixed use Residential and Commercial development. Strategically located in Chase River, south of Nanaimo, the property is in close proximity to Southgate Shopping Centre and other amenities, providing convenience for future residents. The property is connected to city services and includes a fully remodeled 2,337 sq. ft. residence with 3 bedrooms and 2 bathrooms, offering immediate rental income potential or a temporary residence during development. The property is also equipped with an 822 sq ft detached shop and a large level fenced yard, adding to the property's versatility. Easy access to the Island Highway and downtown makes this location highly desirable for commuters and enhances the attractiveness for future development. Rezoning maximizes the land's value and development potential, making it an excellent investment for developers as land like this is very rare in Nanaimo. With the existing home providing immediate revenue and the land's development potential, this property represents a strong investment opportunity. Information package available by request. (id:47423)

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Listed By RE/MAX of Nanaimo
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 966094
Last Updated Jun 05, 2024
Property Summary
Property Type Commercial/Retail

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Neighbourhood Chase River
Price History
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Detailed Information
Features Acreage, Level lot, Irregular lot size, Partially cleared, Other
Listing Contract Date 2024-06-03
Municipal ID 006-449-301
Ownership Type Freehold
Property Type Other
Transaction Type For sale
Zoning Description R1
Zoning Unknown
Building
Cooling Type Air Conditioned
Heating Fuel Electric
Heating Type Heat Pump, Heat Recovery Ventilation (HRV)
Size (Exterior) 2337 square feet
Type Other
Land
Total Size 1.42 acres
Access Type Road access
Acreage Yes
Size of Irregular Land 1.42

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