Incredible Investment Opportunity! Two legal lots for sale in the coveted University District. Endless possibilities await with multi-family development potential. The Official City Plan for this area is R7 or R8 zoning, making this a developer's dream. These lots are perfect for townhouses or apartment-style condominiums. One of the lots includes a charming 1961-built home featuring 4 bedrooms, 2 bathrooms, and a main level entry with a walk-out basement. Perfect for rental income while re-zoning. Located just five minutes from downtown, and a short stroll to recreation, shopping, transit and all levels of schools including VIU. Buyer to verify zoning and development potential. Measurements approximate, please verify if important.
Address
426/436 Wharton St
List Price
$899,999
Property Type
Residential
Type of Dwelling
Single Family Detached
Area
Nanaimo
Sub-Area
Na University District
Bedrooms
4
Bathrooms
2
Floor Area
1,366 Sq. Ft.
Lot Size
15120 Sq. Ft.
Year Built
1961
MLS® Number
955453
Listing Brokerage
eXp Realty
Basement Area
Partially Finished, Walk-Out Access, With Windows
Postal Code
V9R 1W4
Tax Amount
$3,578
Tax Year
2023
Features
Central Vacuum, F/S/W/D, Forced Air, Mixed, Oil, Storage, Workshop
