$799,900

Investment For Sale In City Center/Protection Island, Nanaimo, British Columbia

$799,900

Property Information:

Great Investment/Holding Opportunity. R15 zoning allows multifamily development, home based business, rooming house & more. 8900 sqft lot w potential for development. Built in 1925, Just 3 blocks from dt Nanaimo, this historic home is full of potential. A 6 Bd|3 Ba|3 Kit home w a partially finished attic space & unfinished basement creating a blank canvas. The main living area is bathed in natural light from 7ft high bay windows. The 2nd features a kitchenette, 1 ba, & 4 bds, perfect for extended family or additional rental income, along with stunning Coastal and Mountain views. The attic has been updated w new insulation & a plywood floor, complete w skylights that add to the home's classic appeal. There is also a separate 1 bed suite that has a great tenant, perfect as an income helper. Updated electrical and roof, plus foundation reinforcement this home is primed for its next chapter. Don’t miss this opportunity to own in one of the fastest growing cities!

Property Features:

  • Annual Tax Amount: $4,412
  • Building Features: Basement
  • Cooling: None
  • Exterior Features: Balcony/Patio
  • Floor Space (approx): 2645 Square Feet
  • Flooring: Carpet, Hardwood
  • Heating: Baseboard, Oil
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • View: City, Mountain(s)

Courtesy of: Oakwyn Realty Ltd. (NA)

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.