UNIVERSITY DISTRICT LISTINGS
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 984916
- Photos (9)
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Attention Builders and Investors: A Rare Opportunity in the Heart of Nanaimo’s University District! This is your chance to secure two separate, fully legal lots (two PIDs), both zoned R5, allowing for the construction of 2 fourplexes. This unique offering is a true income generator as you navigate the permitting process. Lot 1: A 6,457 sq. ft. property featuring a rentable home that is currently vacant—perfect for immediate revenue potential. Lot 2: A 4,525 sq. ft. parcel of vacant land, ready for development. Both lots boast excellent laneway access and are located just a short walk from VIU, a prime area for rental demand. And there’s more—an additional lot is available under a separate MLS listing, presenting the rare opportunity to create a 3 lot, 12-unit project -.Opportunities like this are unheard of in the University District. Whether you’re looking to build, develop, or invest, this is a strategic acquisition you don’t want to miss! All measurements are approximate
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Na University District, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 11,013 sq. ft.
- Taxes:
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- Pending Date:
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- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Parking Features:
- On Site
- Total Units:
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- Date Listed:
- Jan 21, 2025
- Original Price:
- 884000.0
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Listed by RE/MAX of Nanaimo
Data was last updated March 28, 2025 at 06:05 PM (UTC)
Area Statistics
- Listings on market:
- 87
- Avg list price:
- $925,000
- Min list price:
- $23
- Max list price:
- $11,500,000
- Avg days on market:
- 116
- Min days on market:
- 1
- Max days on market:
- 554
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.
- DEANA BAUMEL PREC
- RE/MAX OF NANAIMO
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX OF NANAIMO
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca