Area: British Columbia
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Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story ''missing middle'' housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important. (id:44056)

Property Details

Full Address:
880 Hecate St, Nanaimo, British Columbia
Price:
$ 614,000
MLS Number:
996776
List Date:
May 1st, 2025
Lot Size:
9405 sq.ft.
Year Built:
1955
Taxes:
$ 5,916

Interior Features

Bedrooms:
3
Bathrooms:
3
Air Conditioning:
None
Heating:
Baseboard heaters

Building Features

Zoning:
Residential/Commercial
Garage:
Open
Garage Spaces:
10
Ownership Type:
Freehold
Taxes:
$ 5,916

Floors

Finished Area:
3183 sq.ft.
Main Floor:
3183 sq.ft.

Land

View:
City view
Lot Size:
9405 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Kelly Whitton Personal Real Estate Corporation REMAX Professionals
 250-933-5333
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Listing Agent(s)

Listing: Kelly Whitton
REMAX Professionals

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