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Attention Developers!! Prime, Oceanview, Multi-Family Development Property on Nanaimos 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 is improved with a large, Oceanview character home which would provide great holding income while exploring development opportunities. The first & second floors offer amazing ocean views, 4 bedrooms, a large kitchen, 2 big bathrooms, hardwood flooring, efficient remote activated baseboard heat, hardwood flooring, fireplace and detached garage 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 or 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. This one will not last long; Book your personal viewing today!

Property Type Residential Revenue
Lot Size 0.2 acres
Lot Size 8712 square feet
Lot Features Central Location, Curb & Gutter, Easy Access, Marina Nearby, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk, Southern Exposure, See Remarks, City, Mountain(s), Ocean
Parking On Site
Site Features Low Maintenance Yard, Sign: Allowed, See Remarks, Basement, Kitchen/Staff Room, Laundry Room, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure, See Remarks

Listing brokerage: Sutton Group-West Coast Realty (Nan)
Listed by Mike Phillips
Personal Real Estate Corporation

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