Address

2223&2225 Rosstown Rd Nanaimo, BC

Type

Single Family

Price

$ 1,099,800

Property Attributes

MLS#860306
TypeSingle Family
CityNanaimo
AreaNanaimo - City of
NeighbourhoodDiver Lake
Postal CodeV9T 3R4
Style
Taxes5807
Price$ 1,099,800
Bedrooms0
Full Bathrooms0
Half Bathrooms0
Lot Size12,916 SqFt

Listing Provided Courtesy Of:

Royal LePage Coast Capital Realty

Property Description

Opportunity to obtain two side by side properties on separate titles with four suites and solid revenue - tenants are in place offering over 5% CAP rate at the current asking price. The location is positioned in the heart of Nanaimo opposite Beban Park Recreational Centre and Frank Crane Arena just off of the north end of Bowen Road close to all amenities, on a major bus route and walking distance to shopping, recreation and dining. Currently zoned R1, there is potential to rezone the property as per the OCP (Official Community Plan) designation of Corridor offering a multitude of options including but not limited to a condo development site, town homes, care facility, commercial, etc. Refer to City of Nanaimo Corridor 1, 2 or 3 zoning for clarification of OCP future use.

Price History
11/13/2020	Listed $1,099,800

General Features

Business Type	Accommodation
Construction Materials	Frame Wood, Wood, See Remarks
Garage	no
Inclusions	Fixtures, Parking, Real Estate
Listing Type	Investment
Parking	yes
Terms	SALE
Wheel Chair Access	no
Zoning	R1

Interior Features

Fireplace	no
Heating	Baseboard, Electric

Exterior Features

Exterior Features	Balcony/Deck, Balcony/Patio, Fencing: Partial, Garden, Low Maintenance Yard, Sign: Allowed, See Remarks
Lot Features	Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Landscaped, Level, Marina Nearby, Near Golf Course, Private, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby, Sidewalk
Lot Frontage	12916
Lot Size	12916
Pool Y/N	no