Welcome to 2104 Northfield Rd, a remarkable property in Central Nanaimo with rare COR2 zoning on a large 12,131 sqft lot currently rented with an approximately 4.5% cap rate. This versatile property presents an amazing opportunity for multifamily or multi-purpose development. Currently, the recently updated home on the property is generating a monthly rental income of $4,250, providing a valuable source of revenue to help offset redevelopment expenses. With COR2 zoning, you have the flexibility to explore various possibilities, whether it's a multifamily residential project, a restaurant/pub as well as many other options. Additionally, its central position allows for quick access to both N Nanaimo and the Downtown Core. Don't miss out on this incredible opportunity to invest in a property with boundless potential in a thriving and evolving area. Contact us today to explore the endless possibilities that 2104 Northfield Rd has to offer! (*Measurements and data provided are approximate and recommended for verification if deemed essential.) (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
6
Bathrooms
4
Features
Central location, Other
Listing Contract Date
2024-10-17
Municipal ID
004-952-651
Ownership Type
Freehold
# of Parking Spaces
8
Property Type
Single Family
Transaction Type
For sale
Zoning
Residential
Building
Constructed Date
1959
Cooling Type
None
Fireplace Present
Yes
# of Fireplaces
2
Heating Fuel
Electric
Heating Type
Baseboard heaters
Total Finished Area
2211 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Ensuite
Lower level
4-Piece
Bathroom
Main level
4-Piece
Ensuite
Main level
3-Piece
Bedroom
Main level
10'0 x 11'0
Bedroom
Main level
10'0 x 11'0
Primary Bedroom
Main level
11'0 x 11'0
Living room
Main level
12'0 x 14'0
Kitchen
Main level
12'0 x 13'0
Bathroom
Additional Accommodation
X
Bedroom
Additional Accommodation
11'0 x 10'0
Bedroom
Additional Accommodation
11'0 x 11'0
Primary Bedroom
Additional Accommodation
11'0 x 11'0
Living room
Additional Accommodation
15'0 x 11'0
Kitchen
Additional Accommodation
10'0 x 20'0
Land
Total Size
12131 square feet
Access Type
Road access
Size of Irregular Land
12131
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