$ 439,900
455 Watfield Ave Nanaimo, BC V9T2X3
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$ 439,900
Est. payment | /mo
5,435 Sqft Lot
$ 439,900
Est. payment | /mo
5,435 Sqft Lot
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision University District
MLS® Listing ID 979586
Originating Board Vancouver Island Real Estate Board
Lot Size 5,435 Sqft
Acres 5435.0
Property Description
Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 and R5), perfect for a versatile residential development. With its flat landscape and alley access, the lot is fully serviced with sewer and water connections right at the lot line, making it ready for immediate building. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just three blocks from Vancouver Island University and surrounded by parks, shops, and schools, this lot is ideally situated to meet the demands of future tenants and buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity to invest in a property with ample potential for high returns. (id:24570)
Location
Province BC
Zoning Residential/Commercial
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 5
Private Pool No
Others
Ownership Freehold
Listed by RE/MAX of Nanaimo