Fantastic Multifamily Development Potential! This expansive, R8-zoned corner lot is ideal for building a four-plex. The property currently boasts a charming 3-bedroom, 2-bath character home (circa 1905) with an additional 1-bedroom suite. Perfectly situated near Departure Bay ferry terminal, bus routes, shopping, schools, parks, and major highways, this location offers unbeatable convenience for future residents. With two existing water connections, expansion is more straightforward. The property also features mature fruit trees and a thriving salon business. Sold as-is, this is an excellent opportunity for developers and investors alike. Don’t miss out—this versatile property won’t stay on the market for long! All measurements are approximate; buyers to verify if deemed important.
Data was last updated November 9, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
66
Avg list price:
$549,450
Min list price:
$219,000
Max list price:
$6,995,000
Avg days on market:
46
Min days on market:
2
Max days on market:
248
Avg price per sq.ft.:
$432.58
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations.