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. Additionally, its central position allows for quick access to both N 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! (*Measurements and data provided are approximate and recommended for verification if deemed essential.) (id:2493)
Data was last updated April 24, 2025 at 09:45 PM (UTC)
Area Statistics
Listings on market:
52
Avg list price:
$849,500
Min list price:
$219,900
Max list price:
$1,595,000
Avg days on market:
31
Min days on market:
1
Max days on market:
359
Avg price per sq.ft.:
$874.42
These statistics are generated based on the current listing's property type
and located in
Central Nanaimo. Average values are
derived using median calculations.
