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:55599)
Property Details
| MLS® Number | 984916 |
| Property Type | Multi-family |
| Neigbourhood | University District |
Building
| Size Exterior | 968 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Size Irregular | 11013 |
| Size Total | 11013 Sqft |
| Size Total Text | 11013 Sqft |
| Zoning Description | R5 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/27828121/608-harewood-rd-nanaimo-university-district
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January 21 2025 11:12:00
Vancouver Island Real Estate Board
RE/MAX Of Nanaimo