Opportunity knocks! Just steps from Vancouver Island University, this COR1-zoned property offers huge potential for redevelopment. The Planning Department of the City of Nanaimo has indicated that a single-family home with a suite and a carriage house would be permitted on this lot. The flat lot also supports uses like daycare or office space. While the current home may need significant work, the location and land value make this a standout investment. Priced well below assessed value—don’t miss this chance to capitalize on a prime, centrally located lot. Bring your ideas, your clients, and your offers! Data is approximate; verify if integral.
Address
626 Fourth St
List Price
$459,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na University District
Bedrooms
2
Bathrooms
1
Floor Area
872 Sq. Ft.
Lot Size
6958 Sq. Ft.
Lot Size (Acres)
0.16 Ac.
Year Built
1948
MLS® Number
999221
Listing Brokerage
RE/MAX of Nanaimo
| eXp Realty (NA)
Basement Area
Unfinished
Postal Code
V9R 1V3
Tax Amount
$3,233.37
Tax Year
2024
Features
Baseboard, Electric
Amenities
Level, Shopping Nearby
