Prime Multifamily Development Opportunity! This large, R8-zoned corner lot is perfect for a four-plex build. Currently featuring a 3-bedroom, 2-bath character home (built in 1905) with a separate 1-bedroom suite. Strategically located near Departure Bay ferry terminal, bus routes, shopping, schools, parks, and major highways—this site offers unbeatable convenience. With two existing water connections, expanding the property is made easier. Featuring mature fruit trees and an established salon business currently operating on the property, both the salon and lower suite are owner-occupied but can be rented out by the new owner. Whether you’re looking to develop, invest, or both, this versatile property offers endless possibilities. Sold as-is, this property is ideal for developers or investors ready to maximize its potential. All measurements are approximate; buyers to verify if important. (id:2493)
Property Type:
Single Family
Common Interest:
Freehold
Total Living Area:
2,535 sq. ft.236 m2
Finished Area Above Grade:
1,750 sq. ft.163 m2
Zoning:
Multi-Family, R8
Taxes:
$3,840.31 /
-
Community:
Central Nanaimo
Structure Type:
House
Home Style:
Character
Bedrooms:
3
Bathrooms:
2.0
Cooling:
None
Fireplace:
No
Heating:
Baseboard heaters
Lot Size:
7,840 sq. ft.728 m2
Lot Details:
7840
Lot Features:
Central location, Level lot, Corner Site, Other, Marine Oriented
Total Parking Spaces:
4
Floor
Type
Size
Other
Main level
Storage
11'2"3.40 m × 5'7"1.70 m
-
Main level
Workshop
15'3"4.65 m × 11'2"3.40 m
-
Main level
Patio
15'4.57 m × 12'3.66 m
-
Main level
Sunroom
9'8"2.95 m × 6'3"1.91 m
-
Main level
Sunroom
24'8"7.52 m × 5'9"1.75 m
-
Main level
Primary Bedroom
10'9"3.28 m × 10'8"3.25 m
-
Main level
Living room
17'1"5.21 m × 11'2"3.40 m
-
Main level
Bedroom
10'3"3.12 m × 7'5"2.26 m
-
Main level
Kitchen
11'10"3.61 m × 10'9"3.28 m
-
Main level
Laundry room
7'2.13 m × 00
7'11
Main level
Studio
15'4.57 m × 00
14'2
Second level
Other
8'2"2.49 m × 7'5"2.26 m
-
Second level
Living room
12'3.66 m × 00
17'2
Second level
Bedroom
10'7"3.23 m × 8'9"2.67 m
-
Second level
Dining room
7'8"2.34 m × 5'7"1.70 m
-
Second level
Kitchen
11'3"3.43 m × 10'7"3.23 m
-
Floor
Ensuite
Pieces
Other
Main level
No
-
4-Piece
Second level
No
-
3-Piece
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Successful Salon Operating on Property
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Suite Entrance
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Suite
Suite
Suite
Suite
Suite
Garage with additional storage
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Short Walk to Bowen Park
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Tennis Court at Bowen Park
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Short Distance to Seawall, Marina, and Ferry Terminal
Data was last updated March 14, 2025 at 11:15 AM (UTC)
Area Statistics
Listings on market:
48
Avg list price:
$607,400
Min list price:
$198,800
Max list price:
$1,050,000
Avg days on market:
26
Min days on market:
4
Max days on market:
318
Avg price per sq.ft.:
$423.25
These statistics are generated based on the current listing's property type
and located in
Central Nanaimo. Average values are
derived using median calculations.
