Discover the chance to own over a quarter acre of prime R5 zone, flat land in the heart of Nanaimo.This property is perfect for those looking to invest in an area poised for higher density development (subject to approval),ideal for townhomes or a mixed-use project with commercial spacesThis property not only presents a remarkable investment opportunity but also includes a charming 4-bedroom home. Perfect for holding or rental purposes, the seller is open to a rent-back option, offering immediate income potential.This 1938 Craftsman home exudes vintage charm while boasting modern efficiencies.Recent updates include a new 200-amp panel with updated wiring and lighting,plumbing and sewer systems,perimeter drainage around,and full eavestroughing. The roof, just 13 years old, complements the hot water on demand (gas) system, forced air heating with natural gas,central air conditioning, and complete with a security system and cameras, a driveway gate, and updated fencing.All measurements approx (id:47740)
Fireplace Present
Yes
Building Type
House
Parking
Open
Second level
Bedroom
14'0 x 11'2
Bedroom
15'6 x 11'2
Main level
Kitchen
11'8 x 7'11
Dining room
10'7 x 8'0
Bedroom
11'1 x 10'4
Bathroom
4-Piece
Living room
15'5 x 12'10
Primary Bedroom
12'10 x 11'3
Entrance
4'3 x 3'10
Discover the chance to own over a quarter acre of prime R5 zone, flat land in the heart of Nanaimo.This property is perfect for those looking to invest in an area poised for higher density development (subject to approval),ideal for townhomes or a mixed-use project with commercial spacesThis property not only presents a remarkable investment opportunity but also includes a charming 4-bedroom home. Perfect for holding or rental purposes, the seller is open to a rent-back option, offering immediate income potential.This 1938 Craftsman home exudes vintage charm while boasting modern efficiencies.Recent updates include a new 200-amp panel with updated wiring and lighting,plumbing and sewer systems,perimeter drainage around,and full eavestroughing. The roof, just 13 years old, complements the hot water on demand (gas) system, forced air heating with natural gas,central air conditioning, and complete with a security system and cameras, a driveway gate, and updated fencing.All measurements approx (id:47740)
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