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Quick Summary
Quick Summary
- Prime redevelopment opportunity on 6510 sqft lot
- Dual road frontages with water, sewer, and gas
- Generating $2875/month in rental income
- Rancher-style home with 3 beds, 2 baths, suite
- Recent updates including new floors, paint, fixtures
- Abundant parking with potential for workshop
- Convenient location near hospital, university, beach
- Opportunity to capitalize on Nanaimo real estate
Attention Investors! Here's your chance to seize a prime redevelopment opportunity in central Nanaimo. This 6510 sqft flat lot boasts dual road frontages and is serviced with water, sewer, and natural gas, setting the stage for a variety of development possibilities. Currently generating $2875/month in rental income, this property offers... Show More
Attention Investors! Here's your chance to seize a prime redevelopment opportunity in central Nanaimo. This 6510 sqft flat lot boasts dual road frontages and is serviced with water, sewer, and natural gas, setting the stage for a variety of development possibilities. Currently generating $2875/month in rental income, this property offers financial flexibility while you plan your next move. The rancher-style home features 3 bedrooms, 2 bathrooms, a laundry room, sunroom, and a separate 1 bed, 1 bath suite that can easily be integrated. Additional perks include a 5'9'' basement for storage, recent updates such as new floors, paint, and bathroom fixtures, plus a roof approximately 10-15 years old. Parking is abundant with space for cars or RVs, and there's potential to add a workshop or detached garage with access from Eberts Street. Located within minutes of Nanaimo Hospital, Vancouver Island University, Departure Bay Beach/Ferries, and other key amenities, this property promises both convenience and growth potential. Don't miss out on this rare opportunity to capitalize on Nanaimo's real estate market! All measurements are approximate and should be verified if important. (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
Patio
9′2″ x 15′0″
Sunroom
9′5″ x 9′10″
Laundry room
5′9″ x 6′7″
Bathroom
Bathroom
Primary Bedroom
11′0″ x 14′10″
Bedroom
9′0″ x 11′10″
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
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