$1,099,000
$1,099,000
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1960 Jingle pot Rd Nanaimo, BC V9R 6H7
1.8 Acres Lot
Key Details
Sold Price $1,099,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 962353
Annual Tax Amount $4,208
Tax Year 2023
Lot Size 1.800 Acres
Property Description
First time on the market! Unique development property opportunity with two houses for rental income. This 1.8 acre parcel in the heart of Nanaimo is close to transit, VIU, schools, and many amenities. Currently zoned AR1 which allows for a variety of commercial uses including campground, dog kennel, horse facilities, agriculture and more. Outgoing OCP had this slated for COR use, incoming OCP indicates residential use. Preliminary discussions with the city indicate that they would support a higher density residential zoning. Property is on municipal water, sewer and has natural gas.
Survey and Geotech available. Contact agent for information about potential for land assembly with neighbouring property. Buyer should do own due diligence about potential uses, and any details considered material.
Location
Province BC
County Nanaimo, City Of
Area Na South Jingle Pot
Interior
Heating Forced Air, Heat Pump
Flooring Mixed
Exterior
Exterior Feature Balcony/Deck, Fenced, Garden
Parking On Site 1
Utilities Available Electricity To Lot, Natural Gas To Lot
View Y/N 1
View Mountain(s)
Building
Lot Description Acreage, Central Location, Level, Recreation Nearby, Rectangular Lot, Serviced, Sidewalk, Southern Exposure
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal, Well: Drilled
Structure Type Frame Wood
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Bought with RE/MAX of Nanaimo