- ©MLS 984877
- Area 3031 sq ft
- Bedrooms 7
- Bathrooms 4
- Parkings 8
Description
This is a rare chance to secure a multifamily development opportunity in one of Nanaimo’s most sought-after neighborhoods. Situated on a .77-acre lot overlooking Departure Bay and just steps from the beach, this property offers an exceptional opportunity for a low-risk, high-return legacy project. The rezoning process has been completed, with third reading and rezoning approval finalized. The project is now civil-ready, with plans for 13 modern, architecturally designed townhomes by renowned local architect Ian Nimath. This development is poised to be a standout addition to the area. Adding immediate value, the property currently includes a well-maintained 2,500 sq. ft. home with 7 bedrooms, configured as three separate rental units, providing income potential while you plan your next steps. The original developer has stepped away, presenting a unique opportunity for you to take the reins and bring this vision to life! (id:48970) Show More
Details
- Constructed Date: 1947
- Property Type: Single Family
- Type: House
- Total Finished Area: 2527 sqft
- Neighbourhood: Departure Bay
Features
- Central location
- Southern exposure
- Patio(s)
- Mountain view
- Ocean view
- Baseboard heaters
- Radiant/Infra-red Heat
Location
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