455 Watfield Ave Nanaimo, British Columbia V9T 2X3
$439,900
Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 and R5), perfect for a versatile residential development. With its flat landscape and alley access, the lot is fully serviced with sewer and water connections right at the lot line, making it ready for immediate building. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just three blocks from Vancouver Island University and surrounded by parks, shops, and schools, this lot is ideally situated to meet the demands of future tenants and buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity to invest in a property with ample potential for high returns. (id:46227)
Property Details
| MLS® Number | 979586 |
| Property Type | Vacant Land |
| Neigbourhood | University District |
| Parking Space Total | 5 |
Building
Land
| Acreage | No |
| Size Irregular | 5435 |
| Size Total | 5435 Sqft |
| Size Total Text | 5435 Sqft |
| Zoning Description | R1 & Cs1 |
| Zoning Type | Residential/commercial |
https://www.realtor.ca/real-estate/27593558/455-watfield-ave-nanaimo-university-district
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
October 29 2024 08:02:28
Vancouver Island Real Estate Board
RE/MAX Of Nanaimo