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. (id:51532)
| Property Summary |
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| Building |
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| Land |
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| Level | Rooms | Dimensions |
|---|---|---|
| Second level | Bathroom | 4-Piece |
| Bedroom | 10'3 x 9'1 | |
| Bedroom | 11'6 x 10'7 | |
| Primary Bedroom | 13 ft x Measurements not available | |
| Kitchen | 11'3 x 10'4 | |
| Living room | 25 ft x Measurements not available | |
| Entrance | 11'6 x 4'6 | |
| Main level | Storage | 10'11 x 7'5 |
| Den | 7'10 x 7'5 | |
| Bathroom | 2-Piece | |
| Bathroom | 3-Piece | |
| Recreation room | 27'3 x 23'4 | |
| Entrance | 14'3 x 14'4 | |
| Kitchen | 9'8 x 7'3 | |
| Living room | 31'4 x 19'1 |
| Features | |||||
|---|---|---|---|---|---|
| Level lot | Open | None | |||
