UNIVERSITY DISTRICT

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622/626/630 Fourth St
Na University District Nanaimo V9R 1V3

$1,950,000
Commercial Sale

Main Photo: 622/626/630 Fourth St in Nanaimo: Na University District Multi Family for sale : MLS®# 962425
Photo 1: 622/626/630 Fourth St in Nanaimo: Na University District Multi Family for sale : MLS®# 962425
Photo 2: 622/626/630 Fourth St in Nanaimo: Na University District Multi Family for sale : MLS®# 962425
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
962425
Discover an exceptional chance to acquire a prime development property in Nanaimo's University District. Situated at 622, 626, and 630 Fourth Street, this offering includes three identical lots, each with lane access and cumulatively spanning over 20,000 square feet. Located just a short stroll from the Vancouver Island University campus, this site is perfectly positioned for a potential condominium or rental project that would appeal to faculty, students, and families alike. With the potential to construct 24 units or more, this property presents a profitable opportunity for developers eager to meet the increasing housing demand in the region. Highlighted is a neighboring project on a similar site that successfully underwent rezoning and secured permits within just 7 months, illustrating the potential for rapid project initiation. Don't let this unique opportunity to secure a prime development site in one of Nanaimo's most sought-after locations slip away.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale Price
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na University District, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
20,908.945 sq. ft.
Taxes:
Ceiling Heights:
Commercial Area:
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:
Units in Building:
Units in Community:
Occupancy:
Owner
Parking Features:
On Site
Total Units:
Date Listed:
Apr 30, 2024
Original Price:
1950000.0
  • Photo 1: 622/626/630 Fourth St in Nanaimo: Na University District Multi Family for sale : MLS®# 962425
    Photo 1 of 2
  • Photo 2: 622/626/630 Fourth St in Nanaimo: Na University District Multi Family for sale : MLS®# 962425
    Photo 2 of 2
Listed by eXp Realty
Data was last updated October 31, 2024 at 06:05 AM (UTC)
Area Statistics
Listings on market:
97
Avg list price:
$1,150,000
Min list price:
$23
Max list price:
$11,500,000
Avg days on market:
91
Min days on market:
2
Max days on market:
513
These statistics are generated based on the current listing's property type and located in 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.