Seize the opportunity with this expansive quarter-acre of flat land located in the heart of Nanaimo! This prime piece of real estate is ready for your vision, with the city's support for higher density developments. Imagine the possibilities: townhomes, a mixed-use complex with commercial spaces on the ground floor, and stylish condos above (with city approval). This property isn't just an investment; it comes with a charming 4-bedroom home, perfect for immediate rental income or as a primary residence while planning your project. The seller is even open to a rent-back arrangement, providing you with flexible options. With new legislation on the horizon, you have the chance to retain the existing home and add a secondary dwelling, maximizing the potential of this lot. This is a golden opportunity you won't want to miss! Don't wait! This property offers endless possibilities for developers and investors alike. All measurements are approx.. (id:47423)
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Detailed Information
Listing Contract Date
2024-09-23
Municipal ID
006-117-180
Ownership Type
Freehold
Property Type
Other
Transaction Type
For sale
Zoning
Unknown
Building
Size (Exterior)
1436 square feet
Type
Other
Land
Total Size
11296 square feet
Size of Irregular Land
11296
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