MULTI FAMILY DEVELOPMENT POTENTIAL!!
First time ever to hit the market, this home and land has been owned by the same family since it was built. Currently this home sits on one of two parcels ready for re-development. Bring your ideas. The official city plan (OCP) for the area is R7 or R8 zoning. This original home offers 3 beds, 2 bath and original hardwood floors on the main floor and 1 bed/ 1 bath downstairs, along with a huge partially finished basement providing ample space for storage and a workshop. Generate some extra income by renting out the house while the re-zoning application goes through. Located in the university district; you are walking distance to both Elementary and Secondary schools as well as all major amenities. Easy access via Third st connector to the Nanaimo Parkway. Loads of multi family development popping up around this area, so act fast to avoid missing out on this great opportunity. All measurements are approximate and should be verified if important.
Data was last updated May 29, 2023 at 10:05 PM (UTC)
Area Statistics
Listings on market:
44
Avg list price:
$687,450
Min list price:
$219,000
Max list price:
$1,920,000
Avg days on market:
43
Min days on market:
5
Max days on market:
126
Avg price per sq.ft.:
$394.61
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.