$1,749,000

Investment For Sale In Newcastle, Nanaimo, British Columbia

$1,749,000

Property Information:

Multifamily Site Alert: R8 Multifamily zoned property with a beautiful rancher one block to Nanaimo's renowned seawall with a water view, currently rented for $2500+utilities to wonderful tenants. Close to Departure bay ferry terminal, bus route, shopping centre, all levels of schools, parks, highways. This property comes with plans of 30+ units 1 & 2 bedroom units with beautiful ocean views. Seller is in process of applying for the permitsClosing negotiable upon DP or BP). Currently 2 bedrooms+ Den, 1 bathroom, spacious living room with a wood burning fireplace, wonderful floor plan. The house is in exceptional shape. Lots to love in this house including the in-laid character wood flooring, lighting + detailing huge courtyard type doors to verendah. The front and backyards feature several mature trees and bushes. Seller open to offers. All measurements are approximate and should be verified if important. Also under MLS

Property Features:

  • Annual Tax Amount: $4,349
  • Floor Space (approx): 1200 Square Feet
  • Lot Features: Rectangular Lot, Serviced, Sidewalk, Walk on Waterfront
  • Lot Frontage: 8712 Square Feet
  • Lot Size: 8712.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • View: Mountain(s), Other
  • Water Source: Municipal
  • Sewer:

Courtesy of: Sutton Group-West Coast Realty (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.