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
Data was last updated March 15, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
68
Avg list price:
$549,450
Min list price:
$198,800
Max list price:
$1,050,000
Avg days on market:
31
Min days on market:
2
Max days on market:
318
Avg price per sq.ft.:
$439.9
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations.