901 Island S Hwy, Nanaimo, BC V9R 6Z2

$3,490,000

Courtesy of RE/MAX of Nanaimo

List Price
$3,490,000
Status
ACTIVE
MLS®
944630
Property Type
Commercial
Acres
0.98
Lot Size
42,688
District
Nanaimo
Neighbourhood
Na South Nanaimo

Property Description

HUGE OPPORTUNITY! 20 excellent, mixed size units located on approximately 1 acre, is currently an excellent holding property! Priced for Future and Best Use….a development of up to 98 units is a possibility here. With City approval of course. The current units located at 901 Island Highway include a Single Family home (2 bedroom,2 bath, with and workshop and a garage) 3x studio/bachelor, 12x 1 bedrooms, and 4x 2 bedrooms. The rents are currently increasing monthly. Many updates and renovations have been completed inside and outside of the buildings. A full information package is available. Please contact me for more information. All measurements are approximate.

Additional Information

Parking Spaces
15
Parking Type
On Site
Taxes
$12,402
Rentals Allowed
Unrestricted

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

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