Water Views
Address
510 Terminal Ave N Nanaimo, BC
Price
$ 699,900
Property Attributes
  • MLS#861375
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Central Nanaimo
  • Postal CodeV9S 4K2
  • StyleMulti Family
  • Taxes2510
  • Price$ 699,900
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2569
  • Lot Size8,712 SqFt
Listing Provided Courtesy Of:
Sutton Group-West Coast Realty (Nan)
Property Description

Attention Developers!! Prime, Oceanview, Multi-Family Development Property, on Nanaimo's busiest traffic corridor, in the heart of Downtown! COR2 zoning allows for Multi family apartment, or mixed multifamily and commercial building up to 13,068 sq ft (if Tier 1 requirements met). Property improved w/large, 4-BD, 2-BTH, Oceanview, character home to provide great holding income while exploring development opportunities. The house could also be converted to high-end office space; the central location, high-traffic exposure and ample off-street parking make it ideal for a lawyer/accountant office/medical clinic which would provide great holding income. Plus, available hazmat report indicates no asbestos and low property taxes. Awesome multi-family development potential, offering breathtaking ocean, city, and mountain views - close to shopping, BC Ferries, Hospital, seaplane terminal, marinas, parks and short walk to Seawall and Yacht Club.

General Features

Commercial Area Downtown
Commercial Listing Type Building, Land
Construction Materials Frame Wood, Insulation: Ceiling, Insulation: Walls, Vinyl Siding
Flooring Mixed
Heating Baseboard, Electric
Property SubType Multi Family
Property Type Commercial Sale
Sewer Sewer Connected
View City, Mountain(s), Ocean
Zoning COR 2

Interior Features

Total Units 1

Exterior Features

Building Area Total 2569.00
Building Features Basement, Kitchen/Staff Room, Laundry Room, Shopping Nearby, Storage Room, Transit Nearby, Visual Exposure, See Remarks
Exterior Features Low Maintenance Yard, Sign: Allowed, See Remarks
Foundation Poured Concrete
Lot Description Central Location, Curb & Gutter, Easy Access, Marina Nearby, Recreation Nearby, Rectangular Lot, Shopping Nearby, Sidewalk, Southern Exposure, See Remarks
Lot Size Acres 0.20
Lot Size Dimensions 66 x 132
Lot Size Square Feet 8712.00
Parking Onsite Yn Yes
View Yn Yes
Water Source Municipal

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in V9S 4K2

Price
AVG $700K
$700K
Taxes
AVG $2,510
$2,510
Visits
AVG 36
35
Walkscore
AVG 56
56
Data Provided by Walkscore ® not using MLS data