Land with Building(s) For Sale in Nanaimo, BC

Attention developers !! This property is ideally located in North Nanaimo, with southern exposure. At just under an acre, this rectangular lot has the potential for several homes, ideal for walkout basements or suites. The lot is close to Woodgrove Mall, Costco, Home Depot, the Parkway Trial, and Green Lake yet is surrounded by trees and has incredible privacy.

There are two units on the property. The units are warm and dry, but not worth renovations. They each have new 18000BTU heat pumps and recent water tanks. One is a 2br+den, 2bath de-registered double wide trailer (roughly 1100 sq ft) - currently occupied by the property owner. The other is a 1br, 1bath suite will full sized kitchen (roughly 600 sq ft) - currently vacant. Below the suite are two large storage rooms with shelving and a full sized garage with a built in work bench. Rental income potential is $4000/month or more. The laundry facilities can be set up to be shared. Each building has its own electricity meter, water is shared and the lot has a septic system which was serviced last year. The adjacent lot may also be available for purchase and land assembly would make subdividing a breeze. Potential buyers to perform their own due diligence as to the rezoning and subdividing potential with the City of Nanaimo. This is a FSBO listing, the seller would prefer a private sale. Price is firm if buyer brings agent. Contact seller directly with inquiries.