About This Property
This Central Nanaimo property offers a rare opportunity for investors or first-time buyers, featuring a home and detached shop situated on two legal lots — both zoned R5, allowing for medium-density residential development. Located near the hospital and Bowen Road’s commercial corridor, it’s ideally positioned for convenience and future growth. It’s equipped with a 200-amp electrical service and an 80-amp subpanel in the shop. The main level includes a kitchen, living room, sunroom, four-piece bathroom, master bedroom, and a second bedroom (no closet). The underheight lower level offers a third bedroom, spacious family room (could be a fourth bedroom), three-piece bathroom and laundry area. Outdoor features include a large covered deck (20x10) perfect for entertaining, a fully fenced yard, patio, and a 25x20 garage/shop accessible from Boundary Crescent or the alley. Whether you choose to live in the home or rent it out, this property offers flexibility while you explore development possibilities. (id:64973)
At $280 per square foot, this Nanaimo property is priced competitively compared to the city's average of $320 per square foot, making it an attractive option for first-time buyers and investors. The flexible R5 zoning and detached shop also present unique development opportunities for those seeking to add secondary suites or explore medium-density residential projects.
Property Details
Location
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