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$1,100,000

Est. payment - /mo

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2 Beds

1 Bath

776 SqFt

Active

1641 Bowen Rd Nanaimo, BC V9S1C7

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Shannon Bubalo

shannon@thebubalogroup.com +1(647) 981-7620

UPDATED:

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 776 sqft

Price per Sqft $1,417

Subdivision Central Nanaimo

MLS® Listing ID 992939

Bedrooms 2

Originating Board Vancouver Island Real Estate Board

Year Built 1938

Lot Size 0.423 Acres

Acres 18441.0

Property Sub-Type Freehold

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.) (id:24570)

Location

Province BC

Zoning Other

Rooms

Kitchen 1.0

Extra Room 1 Main level 13'9 x 12'7 Living room

Extra Room 2 Main level 9 ft x Measurements not available Laundry room

Extra Room 3 Main level 13'9 x 11'9 Kitchen

Extra Room 4 Main level 9 ft x Measurements not available Primary Bedroom

Extra Room 5 Main level 9 ft x Measurements not available Bedroom

Extra Room 6 Main level 4-Piece Bathroom

Interior

Heating Baseboard heaters, ,

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 4

Private Pool No

Others

Ownership Freehold

Listed by eXp Realty (NA)