Nanaimo, City of, V9S 4K2

510 Terminal Ave

863452

MLS® Number

8,712 SqFt

Lot Size

$699,900

Listing by Sutton Group-West Coast Realty (Nan)

Listing information last updated: Wed Feb 24 2021 16:23:18 GMT+0000 (Coordinated Universal Time)

Attention Developers!! Prime, Oceanview, Multi-Family Development Property, on Nanaimo's busiest traffic corridor, in the heart of Downtown! COR2 zoning allows for Multi family apartment, or mixed multifamily and commercial building up to 15,246 sq ft (if underground parking provided and Tier 1 requirements met). Property improved w/large, 4-BD, 2-BTH, Oceanview, character home to provide great holding income while exploring development opportunities. The house could also be converted to high-end office space; the central location, high-traffic exposure and ample off-street parking make it ideal for a lawyer/accountant office/medical clinic which would provide great holding income. Plus, available hazmat report indicates no asbestos and low property taxes. Awesome multi-family development potential, offering breathtaking ocean, city, and mountain views - close to shopping, BC Ferries, Hospital, seaplane terminal, marinas, parks and short walk to Seawall and Yacht Club.

Full Address

510 Terminal Ave N, Nanaimo BC V9S 4K2

MLS® Number

863452

Status

Active

Listing Price

$699,900

Property Type

Commercial Sale

Property Subtype

Multi Family

Year Built

Days on Market

30 Days

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MLS® Number

863452

Listing Price

$699,900

Status

Active

Property Type

Commercial Sale

Lot Size SqFt

8,712 SqFt

Lot Size Acres

0.2 Acres

Days on Market

30 Days

Tax Annual Amount

$2,510

Tax Year

2020

Full Address

510 Terminal Ave N, Nanaimo BC V9S 4K2

City

Nanaimo

Postal Code

V9S 4K2

District

Nanaimo, City of

Zoning

COR 2

MLS Area Major

Nanaimo

MLS Area Minor

Na Central Nanaimo

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