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:51532)
| Property Summary |
|---|
| Building |
|---|
| Land |
|---|
| Level | Rooms | Dimensions |
|---|---|---|
| Lower level | Ensuite | 4-Piece |
| Main level | Bathroom | 4-Piece |
| Ensuite | 3-Piece | |
| Bedroom | 10'0 x 11'0 | |
| Bedroom | 10'0 x 11'0 | |
| Primary Bedroom | 11'0 x 11'0 | |
| Living room | 12'0 x 14'0 | |
| Kitchen | 12'0 x 13'0 | |
| Additional Accommodation | Bathroom | X |
| Bedroom | 11'0 x 10'0 | |
| Bedroom | 11'0 x 11'0 | |
| Primary Bedroom | 11'0 x 11'0 | |
| Living room | 15'0 x 11'0 | |
| Kitchen | 10'0 x 20'0 |
| Features | |||||
|---|---|---|---|---|---|
| Central location | Other | None | |||
