3 beds · 2 baths · 2535 sqft
Prime Multifamily Development Opportunity! This large, R8-zoned corner lot is perfect for a four-plex build. Currently featuring a 3-bedroom, 2-bath character home (built in 1905) with a separate 1-bedroom suite. Strategically located near Departure Bay ferry terminal, bus routes, shopping, schools, parks, and major highways—this site offers unbeatable convenience. With two existing water connections, expanding the property is made easier. The mature fruit trees add natural charm, and a successful salon currently operates on the premises. Property is being sold as-is, presenting a unique opportunity for developers and investors. Act fast—this versatile investment won’t last long! All measurements are approximate, buyer to verify if deemed important. (id:39198)
Building Type House
Year built 1905
Square Footage 2535 sqft
Stories
Bedrooms 3
Bathrooms 2
Parking 4
NeighbourhoodCentral Nanaimo
Land size 7840 sqft
Heating type Baseboard heaters
Basement type
Parking Type
Time on REALTOR.ca2 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: eXp Realty
Home price
$619,000
Start with 2% down and save toward 5% in 3 years*
* Exact down payment ranges from 2-10% based on your risk profile and will be assessed during the full approval process.
$5,631 / month
Rent $4,979
Savings $651
Initial deposit 2%
Savings target Fixed at 5%
Start with 5% down and save toward 5% in 3 years.
$4,962 / month
Rent $4,827
Savings $136
Initial deposit 5%
Savings target Fixed at 5%