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$1,100,000
Est. payment /mo
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Central Nanaimo
MLS® Listing ID 978584
Originating Board Vancouver Island Real Estate Board
Lot Size 0.278 Acres
Acres 12131.0
Property Description
Welcome to 2104 Northfield Rd, a remarkable property in Central Nanaimo with rare COR2 zoning on a large 12,131 sqft lot currently rented with an approximately 4.5% cap rate. This versatile property presents an amazing opportunity for multifamily or multi-purpose development. Currently, the recently updated home on the property is generating a monthly rental income of $4,250, providing a valuable source of revenue to help offset redevelopment expenses. With COR2 zoning, you have the flexibility to explore various possibilities, whether it's a multifamily residential project, a restaurant/pub as well as many other options. The property's central location is a major asset, with easy access to bus stops, restaurants, pubs, and grocery stores, ensuring convenience for future residents or businesses. Families will appreciate the proximity to Forest Park Elementary, and for travelers or commuters, the Sea Air Float Plane Terminal and Departure Bay Ferry Terminal are just a 5-minute drive away, connecting you effortlessly to the lower mainland. Additionally, its central position allows for quick access to both North Nanaimo and the Downtown Core. Don't miss out on this incredible opportunity to invest in a property with boundless potential in a thriving and evolving area. Contact us today to explore the endless possibilities that 2104 Northfield Rd has to offer! For additional information call or email Travis Briggs with eXp Realty at 250-713-5501 / travis@travisbriggs.ca (Video, floor plans, additional photos available at travisbriggs.ca & measurements and data approximate and should be verified if important.) (id:24570)
Location
Province BC
Zoning Unknown
Interior
Heating Baseboard heaters,
Exterior
Parking Features No
View Y/N Yes
View Mountain view
Private Pool No
Others
Ownership Freehold
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Listed by eXp Realty
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Kevin Scharfenberg
Personal Real Estate Corporation | License ID: 180491
Personal Real Estate Corporation License ID: 180491