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John Cooper

john@johncooper.ca +1(250) 619-9207

$ 1,100,000

Est. payment -/mo

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1641 Bowen Rd Nanaimo, BC V9S 1C7

2 Beds

1 Bath

776 SqFt

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Single Family Detached

Listing Status Active

Purchase Type For Sale

Square Footage 776 sqft

Price per Sqft $1,417

MLS Listing ID 992939

Style Rancher

Bedrooms 2

Rental Info Unrestricted

Year Built 1938

Annual Tax Amount $6,050

Tax Year 2024

Lot Size 0.420 Acres

Acres 0.42

Property Sub-Type Single Family Detached

Property Description

Prime Multi-Family Development Opportunity in Nanaimo! This 18,441 sq. ft. COR1-zoned parcel comes with a Development Permit in place for a 22-unit, four-storey multi-family residential building, making it a rare turnkey investment opportunity. Ideally situated just minutes from downtown Nanaimo, the site offers excellent walkability to Bowen Road amenities, as well as easy access to the Nanaimo Parkway and North Nanaimo. The approved development features a well-balanced unit mix, including 1 Live/Work unit, 3 studios, 9 one-bedrooms, 4 one-bedroom + den units, 3 two-bedroom + den units, and 3 accessible two-bedroom units, catering to a diverse range of residents. This project is for investors who are looking to capitalize on the area's strong rental demand and growth. Full plans and designs are available upon request for qualified buyers. Don't miss out on this exceptional investment—contact us today for more details! Measurements and data approximate; verify if important.

Location

Province BC

County Nanaimo, City Of

Area Nanaimo

Zoning COR1

Rooms

Basement Crawl Space

Main Level Bedrooms 2

Kitchen 1

Interior

Heating Baseboard, Electric, Oil

Cooling None

Flooring Mixed

Heat Source Baseboard, Electric, Oil

Laundry In House

Exterior

Exterior Feature Garden

Parking Features Driveway, Garage, RV Access/Parking

Garage Spaces 1.0

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Lot Description Central Location, Easy Access, Recreation Nearby, Shopping Nearby, Southern Exposure

Faces Northeast

Entry Level 1

Foundation Poured Concrete

Sewer Sewer To Lot

Water Municipal

Structure Type Frame Wood,Insulation: Ceiling,Stucco

Others

Pets Allowed Yes

Tax ID 005-562-341

Ownership Freehold

Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs

Listed by eXp Realty (NA)

John Cooper

Agent | License ID: 1184085

+1(250) 619-9207

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