Multi-family for sale

2126 Meredith Rd, Nanaimo

$1,625,000 or
$1,625,000 or

Multi-family for sale

2126 Meredith Rd, Nanaimo

Features

Lifestyle
943289 1625000 /en/multi-family~for-sale~nanaimo/943289?view=Summary /en/multi-family~for-sale~nanaimo/943289/photos 49.1886700000 -123.9881500000 true
Lot Size
11,763 sqft
Gross Property Tax
$3,124.50 /year
Additional Features
Central Location, Corner, Easy Access, Level, Serviced
Total no. of Units
1

Description

Take advantage of vendor financing with this incredible opportunity! This conveniently situated property is located in the heart of Central Nanaimo, just a few blocks away from Nanaimo General Hospital, clinics, close proximity to Vancouver Island University, transit, many shopping options including Country Grocer, and the fantastic Beban Park for recreation. This development site is primed and ready for action, offering an 11,791 square foot lot with COR 1 zoning. Previously, it had obtained both a development permit and building permit for a 4-storey, elevator equipped condominium building consisting of 21 units with ground level under building parking. Although these permits expired in 2022, all the necessary plans, engineering work, and architectural drawings have been meticulously completed and fully paid for. With the popularity of affordable condos in Nanaimo for both resale and rental purposes, this is a rare opportunity.
MLS® Number 943289

Listing REALTORS®

Myles Mccullough, REALTOR<sup>®</sup>

Myles Mccullough

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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