Commercial property for sale
426/436 Wharton St, Nanaimo
$899,999
Features
Year Built
1961
Floor Area
2,368 sqft
Lot Size
15,120 sqft
Gross Property Tax
$3,577.65 /year
Amenities
Balcony/Deck, Fencing: Partial, Garden
Additional Features
Central Location, Easy Access, Family-Oriented Neighbourhood, Landscaped, Quiet Area, Recreation Nearby, Shopping Nearby
Description
Incredible Investment Opportunity! Two legal lots for sale in the coveted University District. Endless possibilities await with multi-family development potential. The Official City Plan for this area is R7 or R8 zoning, making this a developer's dream. These lots are perfect for townhouses or apartment-style condominiums. One of the lots includes a charming 1961-built home featuring 4 bedrooms, 2 bathrooms, and a main level entry with a walk-out basement. Perfect for rental income while re-zoning. Located just five minutes from downtown, and a short stroll to recreation, shopping, transit and all levels of schools including VIU. Buyer to verify zoning and development potential. Measurements approximate, please verify if important.
MLS® Number 955455