Seize the opportunity with this expansive quarter-acre of flat land located in the heart of Nanaimo! This prime piece of real estate is ready for your vision, with the city's support for higher density developments. Imagine the possibilities: townhomes, a mixed-use complex with commercial spaces on the ground floor, and stylish condos above (with city approval).
This property isn't just an investment; it comes with a charming 4-bedroom home, perfect for immediate rental income or as a primary residence while planning your project. The seller is even open to a rent-back arrangement, providing you with flexible options. With new legislation on the horizon, you have the chance to retain the existing home and add a secondary dwelling, maximizing the potential of this lot. This is a golden opportunity you won't want to miss! Don't wait! This property offers endless possibilities for developers and investors alike.
All measurements are approx..
Address
1733 Northfield Rd
List Price
$749,900
Property Type
Commercial Sale
Type of Dwelling
Other
Area
Nanaimo
Sub-Area
Na Central Nanaimo
Lot Size
11296 Sq. Ft.
Lot Size (Acres)
0.26 Ac.
MLS® Number
980701
Listing Brokerage
RE/MAX of Nanaimo
Postal Code
V9S 3B1
Tax Amount
$4,103.00
Tax Year
2024