510 Terminal Ave, Nanaimo

$699,900

0 Bed
0 Bath
.2 Acre
0 Garage

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 15,246 sq ft (if underground parking provided and 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.

Essential Information
MLS® #863452
Price$699,900
Bathrooms0.00
Acres0.20
TypeCommercial Sale
Sub-TypeMulti Family
StatusActive
Community Information
Address510 Terminal Ave
AreaNa Central Nanaimo
CityNanaimo
CountyNanaimo, City of
ProvinceBC
Postal CodeV9S 4K2
Amenities
ViewCity, Mountain(s), Ocean
Utilities

Cable To Lot, Electricity To Lot, Natural Gas To Lot, Phone To Lot, See Remarks

Interior
HeatingBaseboard, Electric
Exterior
FoundationPoured Concrete
Exterior Features

Low Maintenance Yard, Sign: Allowed, See Remarks

Construction

Aluminum Siding, Frame Wood, Insulation: Ceiling, Insulation: Walls

Additional Information
Days on Market43
ZoningCOR 2
Office

Sutton Group-West Coast Realty (Nan)

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