934 Townsite Rd, Nanaimo, British Columbia V9S1M1
Contact us about this property
Highlights
Estimated ValueNot available
Price/Sqft$299/sqft
Est. Mortgage$2,362/mo
Tax Amount ()-
Days On Market23 days
Description
Attention Investors! Here's your chance to seize a prime redevelopment opportunity in central Nanaimo. This 6510 sqft flat lot boasts dual road frontages and is serviced with water, sewer, and natural gas, setting the stage for a variety of development possibilities. Currently generating $1900/month in rental income with a potential for $2850-$3200/month ( bachelor suite is vacant ), this property offers financial flexibility while you plan your next move or is ideal for first-time buyers with some TLC and good long term holding value with two road frontages and flat land. The rancher-style home features 3 bedrooms, 2 bathrooms, a laundry room, a sunroom, and a separate 1 bed, 1 bath suite that can easily be integrated. Additional perks include a 5'9'' basement for storage, recent updates such as new floors, paint, and bathroom fixtures, plus a roof approximately 10-15 years old. Parking is abundant with space for cars or RVs, and there's potential to add a workshop or detached garage with access from Eberts Street. Located within minutes of Nanaimo Hospital, Vancouver Island University, Departure Bay Beach/Ferries, and other key amenities, this property promises both convenience and growth potential. Don't miss out on this rare opportunity to capitalize on Nanaimo's real estate market! All measurements are approximate and should be verified if important. (id:39198)
Property Details
Interior
Features
Main level Floor
Bedroom
11'8 x 9'3Kitchen
12'11 x 8'3Dining room
8'7 x 8'3Living room
15'5 x 12'9Exterior
Parking
Garage spaces 1
Garage type -
Other parking spaces 0
Total parking spaces 1