1303 Junction Ave Nanaimo, British Columbia V9R 6R6
$2,500,000
Prime Development Opportunity! This 1.42-acre site is fairly level and offers 328 feet of frontage and is an ideal rezone to Medium to High-density Residential development, Commercial Center or mixed use Residential and Commercial development. Strategically located in Chase River, south of Nanaimo, the property is in close proximity to Southgate Shopping Centre and other amenities, providing convenience for future residents. The property is connected to city services and includes a fully remodeled 2,337 sq. ft. residence with 3 bedrooms and 2 bathrooms, offering immediate rental income potential or a temporary residence during development. The property is also equipped with an 822 sq ft detached shop and a large level fenced yard, adding to the property's versatility. Easy access to the Island Highway and downtown makes this location highly desirable for commuters and enhances the attractiveness for future development. Rezoning maximizes the land's value and development potential, making it an excellent investment for developers as land like this is very rare in Nanaimo. With the existing home providing immediate revenue and the land's development potential, this property represents a strong investment opportunity. Information package available by request. (id:46227)
Property Details
| MLS® Number | 966085 |
| Property Type | Single Family |
| Neigbourhood | Chase River |
| Features | Acreage, Level Lot, Irregular Lot Size, Partially Cleared, Other |
| Parking Space Total | 8 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 3 |
| Constructed Date | 1960 |
| Cooling Type | Air Conditioned |
| Heating Fuel | Electric |
| Heating Type | Heat Pump, Heat Recovery Ventilation (hrv) |
| Size Interior | 3159 Sqft |
| Total Finished Area | 2337 Sqft |
| Type | House |
Land
| Access Type | Road Access |
| Acreage | Yes |
| Size Irregular | 1.42 |
| Size Total | 1.42 Ac |
| Size Total Text | 1.42 Ac |
| Zoning Description | R1 |
| Zoning Type | Residential |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Bathroom | 3-Piece | ||
| Lower Level | Laundry Room | 9'1 x 6'6 | ||
| Lower Level | Storage | 15'11 x 17'11 | ||
| Lower Level | Family Room | 23'3 x 17'8 | ||
| Main Level | Entrance | 4'6 x 4'6 | ||
| Main Level | Bathroom | 5-Piece | ||
| Main Level | Bedroom | 10 ft | 10 ft x Measurements not available | |
| Main Level | Bedroom | 12 ft | 12 ft x Measurements not available | |
| Main Level | Primary Bedroom | 12'3 x 11'8 | ||
| Main Level | Kitchen | 18'2 x 13'11 | ||
| Main Level | Living Room | 18 ft | 13 ft | 18 ft x 13 ft |
https://www.realtor.ca/real-estate/26982908/1303-junction-ave-nanaimo-chase-river
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June 05 2024 07:42:01
Vancouver Island Real Estate Board
RE/MAX Of Nanaimo