11,569 ft²Land$549,000Sale
11,569 ft²
Land
$549,000
Sale
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New Price | Court Ordered Sale | Residential Redevelopment Opportunity Opportunity to acquire a 100% freehold interest in a redevelopment site that is currently improved with a non-conforming vacant, mixed-use (industrial with residential) property in a gentrifying neighbourhood less than 1.5 km from Downtown Nanaimo. The R-14 zoning permits single family and up to fourplex development up to 0.65 FSR. Building - The existing building is non-conforming. Originally constructed in 1958 (BC Assessment) this ±8,690 SF vacant building is of concrete block and wood frame construction. The building has a partial second floor with a two-bedroom suite. The main floor has what appears to have been office space that was being used as a residence and a separate warehouse area with 16 foot ceilings. The Vendor makes no representations about the building/improvements or its continued use.
The Property
Asking Price$549,000
Available Space11,569 ft²
ZoningR-14 - Old City Low Density Residential (Fourplex)
Sale ConditionsCourt Ordered Sale
SourceDirect
The Lot
The Property is situated along Pine Street, one block north of Fifth Street in the heart of the City of Nanaimo and only 1.5 km from Downtown. This dynamic neighbourhood is characterized by a mix of residential & commercial properties and is proximate to a diverse range of amenities, including grocery, drug & liquor stores, convenience retail, gas stations and parks, all within walking distance.
Property TypeLand
Building Size8,690 ft²
Lot Size11,569 ft²
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