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531 2nd St Nanaimo, British Columbia V9R 1X7

$799,000

Double commercial (CC1) lots property in the core of University. The building comes with a store space and 2-bedroom suite plus a detached garage. The suite currently is rented with $1,400/m with month to month term. The CC1 zoning provides for small scale and community services within neighbourhoods & allows mixed commercial/residential up to 3 levels. If the store was demo'd, you could build commercial at street level and 1 or more residential units up - ideal income property or live & work situation. The CC1 zoning also allows for one single family dwelling/lot subject to floor area ratio and lot coverage constraints. So, you could potentially get 4 doors on this property at a time when huge premiums are being paid for residential building lots. Possession: ''As is, where is''. (id:32872)

Property Details

MLS® Number 879737
Property Type Other
Neigbourhood University District
Features Level Lot, Corner Site

Building

Size Exterior 1500 Sqft
Type Commercial Mix

Land

Acreage No
Size Irregular 5672
Size Total 5672 Sqft
Size Total Text 5672 Sqft
Zoning Description Cc1
Zoning Type Unknown

https://www.realtor.ca/real-estate/23380334/531-2nd-st-nanaimo-university-district

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Michael Guan
Personal Real Estate Corporation

(250) 756-2112
www.michaelguan.ca

Sutton Group-West Coast Realty (Nan)
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4

(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com

Michael Mckillican
Personal Real Estate Corporation

(250) 756-2112
www.buynanaimo.com

Sutton Group-West Coast Realty (Nan)
#604 - 5800 Turner Road
Nanaimo, British Columbia V9T 6J4

(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com

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