House for sale

622 Fourth St, Nanaimo

$700,000 or
House for sale in Nanaimo, University District, 622 Fourth St, 960233 | Realtylink.org
$700,000 or

House for sale

622 Fourth St, Nanaimo

Features

Lifestyle
2 bedrooms
1 bathroom
960233 700000 /en/house~for-sale~nanaimo/960233?view=Summary /en/house~for-sale~nanaimo/960233/photos 49.1591900000 -123.9602800000 true
Style
Main Level Entry With Lower Level(s)
Year Built
1948
Floor Area
1,622 sqft
Lot Size
6,958 sqft
Gross Property Tax
$3,297.52 /year
Zoning
RS1
Amenities
F/S/W/D
Additional Features
Central Location, Family-Oriented Neighbourhood, Level, Rectangular Lot, Shopping Nearby

Description

Discover an exceptional chance to acquire a prime development property in Nanaimo's University District. Situated at 622, 626, and 630 Fourth Street, this offering includes three identical lots, each with lane access and cumulatively spanning over 20,000 square feet. Located just a short stroll from the Vancouver Island University campus, this site is perfectly positioned for a potential condominium or rental project that would appeal to faculty, students, and families alike. With the potential to construct 24 units or more, this property presents a profitable opportunity for developers eager to meet the increasing housing demand in the region. Highlighted is a neighboring project on a similar site that successfully underwent rezoning and secured permits within just 7 months, illustrating the potential for rapid project initiation. Don't let this unique opportunity to secure a prime development site in one of Nanaimo's most sought-after locations slip away.
MLS® Number 960233

Listing REALTORS®

Natasha Koch, REALTOR<sup>®</sup>

Natasha Koch

REALTOR®

Exp Realty

Myles Mccullough, REALTOR<sup>®</sup>

Myles Mccullough

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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