Attention Investors, Developers, Renovators!! 2 or 3 Bedroom Oceanview, Fixer-upper, character home w/multi-family zoning in South Nanaimo. This 940 sq ft main level entry, walk-out basement home, needs a lot of work, but layout lends itself to a suited income property which (once renovated) would provide a good holding income while awaiting future development. The R8 zoning allows for a multi-level, 4-6 unit Oceanview, apartment building up to 5,445 sq ft (potentially more if development meets or exceeds Tier 1/Tier 2 requirements - See R8 Zoning bylaw in Supplements). Located in friendly neighbourhood, close to numerous new apartment developments, 2 blocks from Downtown/Port Place - Thrifty’s, London Drugs, Liquor store, Casino, Seaplanes and Waterfront Seawalk. Offered “As is, where is.”
Listing courtesy of Sutton Group-West Coast Realty (Nan).
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