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Nanaimo,BC V9R 2Z7
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 968 sqft
Price per Sqft $825
MLS Listing ID 984899
Style Main Level Entry with Lower Level(s)
Rental Info Unrestricted
Year Built 1910
Annual Tax Amount $3,087
Tax Year 2025
Lot Size 10,890 Sqft
Acres 0.25
Property Sub-Type Single Family Detached
Property Description
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
Location
Province BC
County Nanaimo, City Of
Area Na University District
Zoning R5
Direction Southeast
Rooms
Basement None
Kitchen 0
Interior
Heating Baseboard,Electric
Cooling None
Laundry In House
Exterior
Parking Features On Street,Open
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Building Description Wood, Main Level Entry with Lower Level(s)
Faces Southeast
Foundation Block
Sewer Sewer Connected
Water Municipal
Structure Type Wood
Others
Tax ID 005-802-661
Ownership Freehold
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs