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531 2nd Street, , Nanaimo Real Estate, Homes for Sale

 homes for sale - 531 2nd Street, Nanaimo | Mike Phillips, Nanaimo REALTOR ®

Attention Builders/Developers! Versatile 0.25 Acre Development property, in the heart of the University District of Nanaimo. The property is an assembly of 3 separately titled lots: one 500 meter squared residential (Rlb) building lot fronting 2 streets - which could potentially be rezoned duplex; and 2 commercial (CC1) lots totaling 500 meters squared where the Fairview Convenience Store currently sits. The CC 1 zoning provides for small scale and community services within neighbourhoods & allows mixed commercial/residential up to 3 levels. If the store was demo'd, you could build commercial at street level and 1 or more residential units up - ideal income property or live & work situation. The CCl zoning also allows for one single family dwelling/lot subject to floor area ratio and lot coverage constraints. So, you could potentially get 4 or more doors on this property at a time when huge premiums are being paid for residential building lots. Possession: "As is, where is". Verify from City of Nanaimo as required. All information and measurements are approximate. Buyers, agents has to verify as required.

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$499,000

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  • MLS® #:421371
  • Bedrooms: 0
  • Bathrooms: 0
  • Lot Size: 10890 sqft
  • Property Brokerage
    Coldwell Banker Slegg Realty (nan)

Building

More Information

Contact REALTOR® Bob Bayliss
RE/MAX of Nanaimo
#1-5140 Metral Drive
Nanaimo, B.C.
Vancouver Island
British Columbia
"Each office independently owned & operated"
250-751-1223
or Bob Bayliss REALTOR®

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Nanaimo REALTOR® Bob Bayliss, RE/MAX of Nanaimo, #1-5140 Metral Drive Nanaimo B.C. Canada 250-751-1223, "Each office independently owned & operated"

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