608 Harewood Rd Nanaimo, British Columbia V9R 2Z7
$884,000
Attention Builders and Investors: A Rare Opportunity in the Heart of Nanaimo’s University District! This is your chance to secure two separate, fully legal lots (two PIDs), both zoned R5, allowing for the construction of 2 fourplexes. This unique offering is a true income generator as you navigate the permitting process. Lot 1: A 6,457 sq. ft. property featuring a rentable home that is currently vacant—perfect for immediate revenue potential. Lot 2: A 4,525 sq. ft. parcel of vacant land, ready for development. Both lots boast excellent laneway access and are located just a short walk from VIU, a prime area for rental demand. And there’s more—an additional lot is available under a separate MLS listing, presenting the rare opportunity to create a 3 lot, 12-unit project -.Opportunities like this are unheard of in the University District. Whether you’re looking to build, develop, or invest, this is a strategic acquisition you don’t want to miss! All measurements are approximate (id:59709)
Property Details
| MLS® Number | 984916 |
| Property Type | Multi-family |
| Neigbourhood | University District |
Building
| SizeExterior | 968 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| SizeIrregular | 11013 |
| SizeTotal | 11013 Sqft |
| SizeTotalText | 11013 Sqft |
| ZoningDescription | R5 |
| ZoningType | Unknown |
https://www.realtor.ca/real-estate/27828121/608-harewood-rd-nanaimo-university-district
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Kelly Whitton
Personal Real Estate Corporation
#1 - 5140 Metral Drive
Nanaimo, British Columbia V9T 2K8
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 21 2025 11:12:00
RE/MAX Of Nanaimo