2223 Rosstown Rd

MLS® 860306

Property Description

Opportunity to obtain two side by side properties on separate titles with four suites and solid revenue - tenants are in place offering over 5% CAP rate at the current asking price. The location is positioned in the heart of Nanaimo opposite Beban Park Recreational Centre and Frank Crane Arena just off of the north end of Bowen Road close to all amenities, on a major bus route and walking distance to shopping, recreation and dining. Currently zoned R1, there is potential to rezone the property as per the OCP (Official Community Plan) designation of Corridor offering a multitude of options including but not limited to a condo development site, town homes, care facility, commercial, etc. Refer to City of Nanaimo Corridor 1, 2 or 3 zoning for clarification of OCP future use.

Full Address

2223&2225 Rosstown Rd, Nanaimo BC V9T 3R4

MLS® Number

860306

Listing Price

$1,099,800

Property Type

Multi Family

Annual Tax Amount

$5,807

Lot Features

Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Marina Nearby, Near Golf Course, Private, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk, See Remarks

Exterior Features

Balcony/Deck, Balcony/Patio, Fencing: Partial, Garden, Low Maintenance Yard, Sign: Allowed, See Remarks

Water Source

Municipal

Heating

Baseboard, Electric

Directions

Off Bowen Road onto Rosstown Road first 2 houses on left, opposite Beban Park Recreational Centre & Frank Crane Arena,

Property Location

Listing by Royal LePage Coast Capital - Westshore

Listing information last updated: Mon Nov 30 2020 15:47:21 GMT+0000 (Coordinated Universal Time)

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Jenny Bruce Personal Real Estate Corporation

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Jenny Bruce Personal Real Estate Corporation

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