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56 days on Market

934 Townsite Rd, Nanaimo, British Columbia V9S1M1

Detached
3
2
~1838 sqft
$549,900
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Detached
3
2
~1838 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$299/sqft

Est. Mortgage$2,362/mo

Tax Amount ()-

Days On Market56 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 2 bedrooms, 1 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

StyleHouse
View-
Age of property1953
SqFt~1838 SqFt
Lot Size-
Parking Spaces1
MLS ®Number978599
Community NameTownsite
Data SourceCREA

Features

Heating: Forced air

Main level Floor

Bedroom

11'8 x 9'3

Kitchen

12'11 x 8'3

Dining room

8'7 x 8'3

Living room

15'5 x 12'9


Parking

Garage spaces 1

Garage type -

Other parking spaces 0

Total parking spaces 1


Property listed by RE/MAX of Nanaimo, Brokerage
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Population and Demographics

Overview

Total population 4660
Average household income $90,549

Age (%)

65 and plus
23%
20 to 34
23%
50 to 64
20%
35 to 49
18%
0 to 19
16%

Household composition (%)

Single family
46%
Single person
46%
Multi person
8%
Multi family
0%

Mother tongue (%)

English
92%
Others
4%
French
1%
Tagalog (Pilipino, Filipino)
1%

House tenancy (%)

Renters
55%
Owners
45%

Schools and amenities

Estimated Budget

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