CENTRAL NANAIMO HOMES FOR SALE

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604 Madsen Rd
Na Central Nanaimo Nanaimo V9S 4M2

$2,150,000
Residential beds: 2 baths: 1.0 879 sq. ft. built: 1949

Main Photo: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
Photo 1: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
Photo 2: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
Photo 3: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
Photo 4: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
Photo 5: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
Photo 6: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
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Photo 17: 604 Madsen Rd in Nanaimo: Na Central Nanaimo House for sale : MLS®# 931051
Status:
Active
Prop. Type:
Residential
MLS® Num:
931051
Bedrooms:
2
Bathrooms:
1
Year Built:
1949
Multi-Family/Commercial development site located in Central Nanaimo on Vancouver Island zoned COR3 Commercial. This site is located in an area that has undergone unprecedented development in the last 10 years such as new multi family buildings, office buildings, & the newly built Greenrock service commercial/industrial node which includes various businesses that will service the needs of the local community all within walking distance. This site is near the hospital, 5 min drive to downtown & VIU. The property is over 33000 sq ft (.76 acres), is situated on a corner lot with 2 road frontages & level building site. COR3 zoning allows 60% lot coverage with a 0.75 Floor Area Ratio (FAR) with Tier 1 and Tier 2 incentives to permit additional density (buyers to do their own due diligence). The property currently has a small home on the site which could be rented while you design and plan your project. This site offers plenty of sun and once built the units will enjoy views of Mt. Benson.
Property Type:
Residential
Type:
Single Family Detached
Year built:
1949 (Age: 74)
Close Price Lease Total:
Existing Lease Expiry:
Living Area:
879 sq. ft.
Listing General Location:
Na Central Nanaimo, Nanaimo
Bedrooms:
2
Bathrooms:
1.0 (Full:-/Half:-)
Lot Size:
0.759 acre(s)
Kitchens:
1
Taxes:
Construction:
Aluminum Siding, Frame Wood
New Construction:
No
Basement:
None
Foundation:
Concrete Perimeter
Roof:
Asphalt Shingle
Ceiling Heights:
Total Building Area:
1,758 sq. ft.
Total Unfinished Area:
879 sq. ft.
Commercial Area:
# Bedrooms or Dens Total:
2
# Main Level Bedrooms:
2
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
1
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
1
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Living Area Lower Floor:
0 sq. ft.
Living Area Main Floor:
879 sq. ft.
Living Area Other Floor:
0 sq. ft.
Living Area 2nd Floor:
0 sq. ft.
Living Area 3rd Floor:
0 sq. ft.
Fireplaces:
0
Laundry Features:
In House
Water supply:
Municipal
Sewer:
Sewer Connected
Cooling:
None
Heating:
Other
Fireplace:
No
Pending Date:
Ground Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
COR-3
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
1
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Vacant
Property Condition:
Resale
Exposure / Faces:
Southeast
Layout:
Rancher
Lot Site Features:
Cleared, Corner Lot, Irregular Lot, Recreation Nearby, Shopping Nearby, Southern Exposure
Attached Garage:
No
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Parking Features:
Open
Total Parking Spaces:
4
Road Surface Type:
Paved
Total Units:
Date Listed:
May 08, 2023
Original Price:
2150000.0
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Virtual Tour

Listed by RE/MAX of Nanaimo
Data was last updated May 30, 2023 at 12:05 AM (UTC)
Area Statistics
Listings on market:
73
Avg list price:
$629,900
Min list price:
$249,900
Max list price:
$2,800,000
Avg days on market:
39
Min days on market:
4
Max days on market:
333
Avg price per sq.ft.:
$427.96
These statistics are generated based on the current listing's property type and located in Na Central Nanaimo. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.