Incredible Investment Opportunity to purchase two legal lots in the coveted University District of Nanaimo. Perfect situation for a multi generational family or someone who wants to generate income immediately while building next door. With the zoning and flexible development options with the City of Nanaimo these properties are only limited by your imagination. Live in the existing mid century modern home featuring 4 bedrooms, 2 bathrooms, and a main level entry with a walk-out basement that offers suite potential while you build your dream home on the lot next door. Once your cosmetic updates are completed the existing home becomes the perfect family home as it has been since it was first built or a great rental income property. 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
$849,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na University District
Bedrooms
3
Bathrooms
2
Floor Area
1,427 Sq. Ft.
Lot Size
15120 Sq. Ft.
Lot Size (Acres)
0.35 Ac.
Year Built
1961
MLS® Number
977788
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Basement Area
Partially Finished, Walk-Out Access, With Windows
Postal Code
V9R 1W4
Tax Amount
$5,878.00
Tax Year
2023
Features
Central Vacuum, F/S/W/D, Forced Air, Mixed, Oil, Storage, Workshop
Amenities
Accessible Entrance, Balcony/Deck, Central Location, Family-Oriented Neighbourhood, Fencing: Partial, Garden, Landscaped, Primary Bedroom on Main, Recreation Nearby, Serviced, Shopping Nearby, Storage Shed