Homes For Sale in Nanaimo

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455 Watfield Ave
Na University District Nanaimo V9T 2X3

$439,900
Residential beds: 0 baths: 0.0

Lot 12
Status:
Active
Prop. Type:
Residential
MLS® Num:
979586
Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 & R5), perfect for a versatile residential development. With its flat landscape & alley access, the lot is fully serviced with sewer & water connections right at the lot line. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just 3 blocks from Vancouver Island University & surrounded by parks, shops, & schools, this lot is ideally situated to meet the demands of future tenants & buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity.
Property Type:
Residential
Type:
Land
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na University District, Nanaimo
Bedrooms:
0
Bathrooms:
0.0 (Full:-/Half:-)
Lot Size:
5,435.038 sq. ft.
Lot Details:
131.8 x 41.24
Kitchens:
0
Taxes:
Ceiling Heights:
Commercial Area:
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Water supply:
Municipal, To Lot
Sewer:
Sewer Available, Sewer To Lot
Fireplace:
No
Pending Date:
Main 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:
R1 & CS1
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
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
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Total Parking Spaces:
5
Total Units:
Date Listed:
Oct 28, 2024
Original Price:
439900.0
  • Photo 1: 455 Watfield Ave in Nanaimo: Na University District Land for sale : MLS®# 979586
    Lot 12
Listed by RE/MAX of Nanaimo
Data was last updated October 31, 2024 at 10:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$702,450
Min list price:
$275,000
Max list price:
$1,595,000
Avg days on market:
37
Min days on market:
1
Max days on market:
167
Avg price per sq.ft.:
$372.89
These statistics are generated based on the current listing's property type and located in Na University District. 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.