$999,900

Investment For Sale In Chase River/ Duke Point / South End, Nanaimo, British Columbia

$999,900

Property Information:

Development project opportunity!!! . 4 Unit (2 stories/ 2000 sq feet each) upscale townhouse project with underground parking. Preliminary architectural drawings, all engineering, and zoning resolution has already been prepared. Existing concrete structure worth $1m+. Apply for permit and go! (when approved of course). Estimated resale of each townhouse is $800,000- $990,000 each as of Feb 2024. Direct ocean views. Walking/ cycling distance to downtown Nanaimo and new Vancouver passenger ferry service. Easy access by car to BC Ferries, the Trans-Canada Hwy, and the airport. Please DO NOT attempt to view property without listing Realtor. Please request & download info package and engineer reports prior to making an appointment to view. The Seller may look at "builder's terms' for a reputable buyer-builder. Info Package: https://rem.ax/3UZStod

Property Features:

  • Annual Tax Amount: $2,526
  • Building Features: Underground Garage
  • Built in: 1981
  • Construction Materials: Concrete
  • Flooring: Concrete
  • Lot Features: Easy Access
  • Lot Frontage: 10019 Square Feet
  • Lot Size: 10019.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • View:
  • Water Source: Municipal
  • Zoning: R6
  • Sewer: Sewer Available
  • No. of Parking Spaces: 11

Courtesy of: RE/MAX Generation (LD)

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