Attention Builders/Developers! Versatile 0.25 Acre Development property, in the heart of the University District of Nanaimo. The property is an assembly of 3 separately titled lots: One 500 meter squared residential (Rlb) building lot fronting 2 streets - which could potentially be rezoned duplex; and 2 commercial (CC1) lots totaling 500 meters squared where the Fairview Convenience Store currently sits. The CC1 zoning provides for small scale and community services within neighbourhoods & allows mixed commercial/residential up to 3 levels. If the store was demo'd, you could build commercial at street level and 1 or more residential units up - ideal income property or live & work situation. The CC1 zoning also allows for one single family dwelling/lot subject to floor area ratio and lot coverage constraints. So, you could potentially get 4 doors on this property at a time when huge premiums are being paid for residential building lots. Possession: "As is, where is".
Listing courtesy of Coldwell Banker Slegg Realty (Nan).
Listing content Copyright 2018 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.