880 Hecate St, Nanaimo, BC, V9R 4K6

$614,000

MLS® # 996776

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

$614,000

  • 3

    Bedrooms

  • 3

    Baths

  • 9405.00 Square Feet

    Lot Size

Property Information:

Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.

Property Features:

  • Bedrooms: 3
  • Bathrooms: 3
  • Annual Tax Amount: $5,916
  • Accessibility Features: Accessible Entrance
  • Appliances: Dryer, Range Hood, Refrigerator, Washer
  • Basement: None
  • Built in: 1955
  • Construction Materials: Frame Wood, Insulation: Ceiling, Insulation: Walls, Wood
  • Cooling: None
  • Exterior Features: Fencing: Partial
  • Floor Space (approx): 3183 Square Feet
  • Flooring: Laminate, Linoleum
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard
  • Laundry Features: In House, In Unit
  • Lot Features: Level
  • Lot Frontage: 9405 Square Feet
  • Lot Size: 9405.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Open
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type:
  • Road Surface Type: Paved
  • Roof: Asphalt Shingle
  • Utilities: Cable Connected, Compost, Electricity Connected, Garbage, Natural Gas Available, Phone Connected, Recycling
  • View: City
  • Water Source: Municipal
  • Window Features: Blinds, Window Coverings
  • Zoning: R15
  • Zoning Description: Residential/Commercial
  • Sewer:
  • No. of Parking Spaces: 10

Rooms:

  • Kitchen Main Level 2.95 m x 2.21 m
  • Living Main Level 9.55 m x 5.82 m
  • Recreation Room Main Level 8.31 m x 7.11 m
  • Other Main Level 4.34 m x 4.37 m Note: Entrance
  • Bathroom Main Level
  • Bathroom Main Level
  • Other 2nd Level 3.51 m x 1.37 m Note: Entrance
  • Living 2nd Level 7.62 m x 4.42 m
  • Kitchen 2nd Level 3.43 m x 3.15 m
  • Other 2nd Level 3.96 m x 3.48 m

Courtesy of: RE/MAX of Nanaimo

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.

Additional Photos