Excellent Commercial/Residential Investment Opportunity in the University District of Nanaimo, BC. The ½ acre treed and level property features an 1,849 Sq. Ft. Single Family Home over 2 levels and a 6-Unit apartment building. The property is situated on a corner with good traffic exposure with close proximity to downtown Nanaimo and amenities such as parks, shopping, restaurants, recreation, schools, and Vancouver Island University. The apartment building has 2 bachelor suites, four 1-Bed suites, coin-op laundry, separate hydro meters and lots of parking is available. There is a separate workshop & double garage providing additional income. Potential small-scale commercial/mixed-use businesses (e.g. hair/esthetic salon, appliance repair) could be allowed on site. The main house could serve as a residence or a rental while providing multiple streams of income through various facilities on the premises. The location and features make it a versatile investment with significant potential.
Data was last updated October 31, 2024 at 06:05 AM (UTC)
Area Statistics
Listings on market:
37
Avg list price:
$689,900
Min list price:
$275,000
Max list price:
$1,595,000
Avg days on market:
37
Min days on market:
2
Max days on market:
166
Avg price per sq.ft.:
$379.72
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.