Property Description
Attention Developers!! Prime, Oceanview, Multi-Family Development Property, on Nanaimo's busiest traffic corridor, in the heart of Downtown! COR2 zoning allows for Multi family apartment, or mixed multifamily and commercial building up to 13,068 sq ft (if Tier 1 requirements met). Property improved w/large, 4-BD, 2-BTH, Oceanview, character home to provide great holding income while exploring development opportunities. The house could also be converted to high-end office space; the central location, high-traffic exposure and ample off-street parking make it ideal for a lawyer/accountant office/medical clinic which would provide great holding income. Plus, available hazmat report indicates no asbestos and low property taxes. Awesome multi-family development potential, offering breathtaking ocean, city, and mountain views - close to shopping, BC Ferries, Hospital, seaplane terminal, marinas, parks and short walk to Seawall and Yacht Club.
Full Address
510 Terminal Ave N, Nanaimo BC V9S 4K2
Property Type
Multi Family
Lot Features
Central Location, Curb & Gutter, Easy Access, Marina Nearby, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk, Southern Exposure, See Remarks
Exterior Features
Low Maintenance Yard, Sign: Allowed, See Remarks
Heating
Baseboard, Electric
Listing by Sutton Group-West Coast Realty (Nan)
Listing information last updated: Fri Jan 15 2021 14:24:56 GMT+0000 (Coordinated Universal Time)
