2104 Northfield Rd, Central Nanaimo
Nanaimo, British Columbia V9S3B9
$1,050,000
6
Bed
4
Bath
2,211.02 sqft
Area
474.89
$/sqft
Welcome to 2104 Northfield Rd, a remarkable property in Central Nanaimo with rare COR2 zoning on a large 12,131 sqft lot currently rented with an approximately 4.5% cap rate. This versatile property presents an amazing opportunity for multifamily or multi-purpose development. Currently, the recently updated home on the property is generating a monthly rental income of $4,250, providing a valuable source of revenue to help offset redevelopment expenses. With COR2 zoning, you have the flexibility to explore various possibilities, whether it's a multifamily residential project, a restaurant/pub as well as many other options. Additionally, its central position allows for quick access to both N Nanaimo and the Downtown Core. Don't miss out on this incredible opportunity to invest in a property with boundless potential in a thriving and evolving area. Contact us today to explore the endless possibilities that 2104 Northfield Rd has to offer! (*Measurements and data provided are approximate and recommended for verification if deemed essential.) (id:47740)
- Fireplace Present
- Yes
- Building Type
- House
- Lower level
- Ensuite
- 4-Piece
- Main level
- Bathroom
- 4-Piece
- Ensuite
- 3-Piece
- Bedroom
- 10'0 x 11'0
- Bedroom
- 10'0 x 11'0
- Primary Bedroom
- 11'0 x 11'0
- Living room
- 12'0 x 14'0
- Kitchen
- 12'0 x 13'0
- Additional Accommodation
- Bathroom
- X
- Bedroom
- 11'0 x 10'0
- Bedroom
- 11'0 x 11'0
- Primary Bedroom
- 11'0 x 11'0
- Living room
- 15'0 x 11'0
- Kitchen
- 10'0 x 20'0
Welcome to 2104 Northfield Rd, a remarkable property in Central Nanaimo with rare COR2 zoning on a large 12,131 sqft lot currently rented with an approximately 4.5% cap rate. This versatile property presents an amazing opportunity for multifamily or multi-purpose development. Currently, the recently updated home on the property is generating a monthly rental income of $4,250, providing a valuable source of revenue to help offset redevelopment expenses. With COR2 zoning, you have the flexibility to explore various possibilities, whether it's a multifamily residential project, a restaurant/pub as well as many other options. Additionally, its central position allows for quick access to both N Nanaimo and the Downtown Core. Don't miss out on this incredible opportunity to invest in a property with boundless potential in a thriving and evolving area. Contact us today to explore the endless possibilities that 2104 Northfield Rd has to offer! (*Measurements and data provided are approximate and recommended for verification if deemed essential.) (id:47740)
| Status | Active |
|---|---|
| Prop. Type | Single Family |
| MLS Num. | 986460 |
| Year Built | 1959 |
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