Attention Developers and Investors; here is a key holding property on development ready street at the centre of the revitalizing "Harbourview District"! This aptly renamed ocean view neighbourhood is seeing rapid revitalization and development as several groups are bringing new multi family housing to the area and selling out with great success. Forming a true assembly to the north and east, this key 10,600+ sq ft parcel of CC2 zoned land bridges the four parcels currently for sale adding key density and frontage to offer a rare and unique package of land. Ideal for medium density multi family homes and providing for retail on the bottom floor. The existing home is a great income producer while plans are finalized for the future; the unauthorized lower suite is currently rented for $1200/mth and the upper floor with it's harbour ocean views from the deck could possibly rent for $1600+. A detached shed and powered shop are value added staging areas while you plan. Measuremts approximate
Listing courtesy of RE/MAX Of Nanaimo.