510 Terminal N Ave, Nanaimo, BC V9S 4K2

$699,900
List Price
$699,900
MLS® #
863452
Acres
0.2
Subdivision
Na Central Nanaimo

Property Description

Attention Developers!! Prime, Oceanview, Multi-Family Development Property, on Nanaimo's busiest traffic corridor, in the heart of Downtown! COR2 zoning allows for Multi family apartment, or mixed multifamily and commercial building up to 15,246 sq ft (if underground parking provided and Tier 1 requirements met). Property improved w/large, 4-BD, 2-BTH, Oceanview, character home to provide great holding income while exploring development opportunities. The house could also be converted to high-end office space; the central location, high-traffic exposure and ample off-street parking make it ideal for a lawyer/accountant office/medical clinic which would provide great holding income. Plus, available hazmat report indicates no asbestos and low property taxes. Awesome multi-family development potential, offering breathtaking ocean, city, and mountain views - close to shopping, BC Ferries, Hospital, seaplane terminal, marinas, parks and short walk to Seawall and Yacht Club.

Additional Information

Lot Size
8,712
Lot Features
View - City, View - Mountain, View - Ocean, Central location, Curb & Gutter, Easy Access, Marina Nearby, Recreational, Shopping Nearby, Sidewalk, Southern Exp, Rectangular Lot
Parking Type
On Site
Heating
Baseboard, Electric
Office Name
Sutton Group-West Coast Realty (Nan)

Listing courtesy of Sutton Group-West Coast Realty (Nan).

Mortgage Calculator

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Calculator source: Real Geeks

Listing content Copyright 2021 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.