$699,000

Investment For Sale In Townsite, Nanaimo, British Columbia

$699,000

Property Information:

This versatile property presents an excellent opportunity for homeowners, investors, or developers alike. Updated throughout the main level with a modern kitchen and bathrooms, this home offers 2 bedrooms and 2 bathrooms, along with a bright and open feel across more than 1,000 sq ft on the main level. The unfinished basement provides a blank canvas, ready for you to complete to suit your needs, with excellent potential to create an additional suite. Situated on a level, fully fenced 7,128 sq ft lot, the property is zoned R8, making it an ideal holding property with strong upside for future multi-family development. Located in a convenient location close to the seawall, downtown, parks, schools, transit, and a wide range of amenities—including convenient access to the Hullo ferry and seaplane terminals—this property also enjoys ocean and city views, making it an exceptional offering. All measurements are approximate & data should be verified if important.

Property Features:

  • Annual Tax Amount: $3,565
  • Built in: 1945
  • Cooling: None
  • Exterior Features: Balcony/Deck
  • Floor Space (approx): 1738 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Electric
  • Lot Features: Central Location, Easy Access, Marina Nearby, Recreation Nearby, Serviced
  • Lot Frontage: 7128 Square Feet
  • Lot Size: 7128.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • View: City
  • Water Source: Municipal
  • Zoning: R8
  • Sewer:

Courtesy of: REMAX Professionals (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.