A rare chance to invest in a prime piece of real estate! Perfectly situated with convenient access to major routes, everyday essentials, and well-loved local spots, this property presents an excellent opportunity for developers. It’s available as a standalone purchase or can be acquired alongside 1750 Waddington Rd (MLS#1002994) to maximize your development options. Recently rezoned to R5, the potential for a 4-plex build may exist—buyers are encouraged to verify all options independently. Whether you're envisioning a multi-unit build, a custom luxury home, or a larger-scale project, this property opens the door to a range of exciting possibilities.More details
Affordable Opportunity with Redevelopment Potential – COR1 Zoning. This two-bedroom, one-bath home on Nicol Street offers a unique opportunity for the right buyer. The property is well-suited for future redevelopment or land assembly, making it a solid holding investment. The home itself could benefit from some TLC and presents a great chance for a first-time buyer or handy investor to build sweat equity. Access is by easement via the neighboring lot from the alley. The property includes two outbuildings — one approximately 8x12, and another that’s in rougher condition but may be salvageable. This is a great fit for someone with vision who isn’t afraid of a of work. Priced accordingly to reflect the current condition and future potential.More details
Must be sold as package with Lot 6 View Street ($225,000 MLS#1012239). This three-storey home offers ocean views and is ideally situated with convenient lane access and plenty of parking. There is development potential to build an additional dwelling on the adjacent second lot, details to be confirmed with the City of Nanaimo. A site survey is available. The main level features a spacious front living room and a functional kitchen with an adjoining eating area, along with two comfortable bedrooms and a four-piece bathroom. Upstairs, you’ll find a third bedroom and a den—perfect for a home office or creative space. The unfinished basement includes a workshop area and provides excellent storage or potential for future development. For more info see the 3D tour, video, and floor plan. All data and measurements are approximate and must be verified if fundamental.More details