Commercial property for sale

426/436 Wharton St, Nanaimo

$899,999 or
$899,999 or

Commercial property for sale

426/436 Wharton St, Nanaimo

Features

Lifestyle
948042 899999 /en/commercial-property~for-sale~nanaimo/948042?view=Summary /en/commercial-property~for-sale~nanaimo/948042/photos 49.1617700000 -123.9532800000 true
Year Built
1961
Floor Area
2,368 sqft
Lot Size
15,120 sqft
Gross Property Tax
$3,317 /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 948042

Listing REALTORS®

Jacky Prevost, REALTOR<sup>®</sup>

Jacky Prevost

REALTOR®

eXp Realty

Jason Simard, REALTOR<sup>®</sup>

Jason Simard

REALTOR®

eXp Realty

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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