510 Terminal Ave, Nanaimo

$699,900

4 Beds
2 Baths
2,088 Sqft
.2 Acre
1 Garage

Attention Builders/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® #863457
Price$699,900
Bedrooms4
Bathrooms2.00
Square Footage2,088
Acres0.20
Year Built1950
TypeResidential
Sub-TypeSingle Family Detached
StatusActive
Community Information
Address510 Terminal Ave
AreaNa Central Nanaimo
CityNanaimo
CountyNanaimo, City of
ProvinceBC
Postal CodeV9S 4K2
Amenities
Parking Spaces2
# of Garages1
ViewMountain(s), Ocean
Parking

Additional, Detached, Garage, RV Access/Parking

Interior
HeatingBaseboard, Natural Gas
CoolingNone
Exterior
Exterior FeaturesGarden, Low Maintenance Yard
RoofAsphalt Shingle
FoundationPoured Concrete, Slab
Construction

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

Additional Information
Days on Market43
ZoningCOR 2
Office

Sutton Group-West Coast Realty (Nan)

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