510 TERMINAL NANAIMO

Central Nanaimo neighbourhood of Nanaimo British Columbia Canada V9S 4K2
$699,900

510 TERMINAL NANAIMO

  • Price: $699,900
  • MLS Number: 863457
  • Bedrooms: 4
  • Bathrooms: 2
  • Square Footage: 2838 Sq Ft
  • Property Type: Single Family

Attention Builders/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 15,246 sq ft (if underground parking provided and 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.

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Listing Brokerage: Sutton Group-West Coast Realty (Nan)

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