1303 Junction Ave, Nanaimo, BC, V9R 6R6

House For Sale In Five Acres, Nanaimo, British Columbia

$2,500,000 QuickQuote^TM: Not Available

3 Beds

2 Baths

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1303 Junction Ave, Nanaimo, BC, V9R 6R6

$2,500,000

3 Beds

2 Baths

Property Information:

Prime Development Opportunity! This 1.42-acre site is fairly level & offers 328 feet of frontage & is an ideal rezone to Medium to High-density Residential development, Commercial Center or mixed use Residential & Commercial development. Strategically located in Chase River, south of Nanaimo, the property is in close proximity to Southgate Shopping Centre & other amenities, providing convenience for future residents. The property is connected to city services & includes a fully remodeled 2,337 sq. ft. residence with 3 bedrooms & 2 bathrooms, offering immediate rental income potential or a temporary residence during development. The property is also equipped with an 822 sq ft detached shop & large level fenced yard, adding to the property's versatility. Easy access to the Island Highway & downtown makes this location highly desirable for commuters and enhances the attractiveness for future development. Rezoning maximizes the land's value & development potential. Info Package available.

Property Features:

Bedrooms: 3
Bathrooms: 2
Annual Tax Amount: $4,774
Basement: Finished
Built in: 1960
Construction Materials: Frame Wood, Insulation All, Vinyl Siding
Cooling: Air Conditioning
Exterior Features: Balcony/Deck, Balcony/Patio, Fenced
Floor Space (approx): 3159 Square Feet
Flooring: Mixed
Foundation Details: Concrete Perimeter
Heating: Electric, Heat Pump, Heat Recovery
Interior Features: Ceiling Fan(s)
Laundry Features: In House
Lot Features: Acreage, Cleared, Easy Access, Irregular Lot, Level, Rural Setting, Serviced, Shopping Nearby
Lot Frontage: 61855.2 Square Feet
Lot Size: 1.42 Acres
Ownership: Freehold
Parking Features: Additional Parking, Detached, Driveway, Garage Double, RV Access/Parking
Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Property Condition: Updated/Remodeled
Property Sub Type:
Road Surface Type: Paved
Roof: Fibreglass Shingle
Water Source: Municipal
Window Features: Vinyl Frames
Zoning: R1
Zoning Description: Residential
Sewer:
No. of Parking Spaces: 8

Rooms:

Bedroom Main Level 3.05 m x 4.01 m
Other Main Level 11.91 m x 5.94 m Note: Garage
Living Main Level 5.49 m x 3.96 m
Storage Other level :Lower 4.85 m x 5.46 m
Bedroom Main Level 3.66 m x 3.73 m
Bathroom Other level :Lower
Bathroom Main Level
Kitchen Main Level 5.54 m x 4.24 m
Other Main Level 1.37 m x 1.37 m Note: Entrance
Family Room Other level :Lower 7.09 m x 5.38 m

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Courtesy of: RE/MAX of Nanaimo

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Market Price Trends

Location of 1303 Junction Ave, Nanaimo, BC, V9R 6R6

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 1303 Junction Ave , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past

29℃

2050

31.9℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 1303 Junction Ave , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past

569.5mm

2050

660mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 1303 Junction Ave, Nanaimo, BC, V9R 6R6

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$100,734.72

Average Number of Children

1.74

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.16 %

High school certificate or equivalent

37.49 %

Apprenticeship trade certificate/diploma

9.55 %

College/non-university certificate

18.46 %

University certificate (below bachelor)

1.79 %

University Degree

16.55 %

Commuter

Travel To Work

By Car

95.46 %

By Public Transit

0.53 %

By Walking

1.0 %

By Bicycle

0.0 %

By Other Methods

3.01 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

0.52 %

Houses

99.48 %

Own Vs. Rent

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Property Information:

Property Features:

Rooms:

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Market Price Trends

Location of 1303 Junction Ave, Nanaimo, BC, V9R 6R6

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 1303 Junction Ave, Nanaimo, BC, V9R 6R6

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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