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Listed by Kelly Whitton RE/MAX of Nanaimo
$ 614,000
Est. payment /mo
Active
880 Hecate St Nanaimo, BC V9R 4K6
3,183 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 3,183 sqft
Price per Sqft $192
MLS Listing ID 996780
HOA Y/N No
Annual Tax Amount $5,916
Tax Year 2024
Lot Size 9,583 Sqft
Property Sub-Type Mixed Use
Property Description
Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.
Location
Province BC
County Nanaimo, City Of
Community Na Old City
Area Nanaimo
Zoning R15
Interior
Heating Electric
Flooring Laminate, Linoleum
Exterior
Exterior Feature Fencing: Partial
View Y/N No
Garage No
Building
Foundation Concrete Perimeter
Locker No
Others
Ownership Freehold