$1,335,000

Investment For Sale In Northfield, Nanaimo, British Columbia

$1,335,000

Property Information:

Opportunity to start construction quickly and complete this development to meet demand in an under-served housing market. 2202 Meredith Road has successfully been rezoned to Townhouse Residential (R6), specifically tailored for an 8-unit multi-family project. The property and architectural designs offer a near shovel-ready opportunity in Nanaimo’s sought-after missing middle housing sector.The lot has City approval for development of eight townhouses. The eight-townhouse development conforms to zoning and Nanaimo ReImagined, (Official Community Plan). The eight-unit townhouse development plan contains two duplex buildings and one four-plex building. Units are a mixture of two and three storeys with grade level garages Townhouses range in size from 1,177 square feet to 1,469 square feet. Gross building area is 13,108 square feet (including garages).

Property Features:

  • Annual Tax Amount: $4,339
  • Lot Features: Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Level, Recreation Nearby, Rectangular Lot, Shopping Nearby
  • Lot Frontage: 15816 Square Feet
  • Lot Size: 15816.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Zoning: R6 Low Density Residentia

Courtesy of: NAI Commercial (Victoria) Inc.

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.