1700 Extension Rd, Nanaimo, BC V9X 1A5

$899,900

Courtesy of Sutton Group-West Coast Realty (Nan)

List Price
$899,900
Status
ACTIVE
MLS®
884049
Property Type
Commercial
Acres
0.67
Lot Size
29,185
District
Nanaimo
Neighbourhood
Na Chase River

Property Description

Investment alert! - excellent buy and hold - generate income with redevelopment potential. Side by side duplex on over half an acre within the city limits. 3 bedrooms on one side and 4 on the other, both with carports. The lower level on one side has room for an additional bedroom. Walking distance to elementary school and only 5 mins to Southgate shopping centre with restaurants and pharmacy stores. On Bus route. Left side is currently rented, right side is vacant and can be rented at market rates. Needs some TLC. The city has indicated support for higher density, with rezoning total amount of 13 units. Buyers should verify this with the planning dept. Property next door currently listed - prime candidate for land assembly.

Additional Information

Lot Features
Wooded
Heating
Forced Air, Oil
Flooring
Mixed
Parking Spaces
4
Parking Type
On Site
Taxes
$4,054
Rentals Allowed
Unrestricted

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

“NOTE: MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. This website may only be used by consumers for the purpose of locating and purchasing real estate. By registering on this website I/We consent to the collection, use and disclosure of personal information as described in our privacy policy.