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 | 980941 |
| 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/27663581/455-watfield-ave-nanaimo-university-district
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November 19 2024 03:51:03
Vancouver Island Real Estate Board
Royal LePage Nanaimo Realty (Nanishwyn)