531 2ND NANAIMO

University District neighbourhood of Nanaimo British Columbia Canada V9R 1X7
$799,000

531 2ND NANAIMO

  • Price: $799,000
  • MLS Number: 879737
  • Square Footage: 1500 Sq Ft
  • Property Type: Single Family

Double commercial (CC1) lots property in the core of University. The building comes with a store space and 2-bedroom suite plus a detached garage. The suite currently is rented with $1,400/m with month to month term. The CC1 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 CC1 zoning also allows for one single family dwelling/lot subject to floor area ratio and lot coverage constraints. So, you could potentially get 4 doors on this property at a time when huge premiums are being paid for residential building lots. Possession: “As is, where is”.

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Listing Brokerage: Sutton Group-West Coast Realty (Nan)

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