Bought with Jordan Guo* Royal Pacific Realty Corp
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604 Madsen Rd Nanaimo, BC V9S 4M2
2 Beds
1 Bath
879 SqFt
Key Details
Sold Price -
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 879 sqft
MLS Listing ID 931051
Sold Date -
Style Rancher
Bedrooms 2
HOA Y/N No
Year Built 1949
Annual Tax Amount $5,617
Tax Year 2022
Lot Size 0.760 Acres
Acres 0.76
Property Sub-Type Single Family Residence
Property Description
Multi-Family/Commercial development site located in Central Nanaimo on Vancouver Island zoned COR3 Commercial. This site is located in an area that has undergone unprecedented development in the last 10 years such as new multi family buildings, office buildings, & the newly built Greenrock service commercial/industrial node which includes various businesses that will service the needs of the local community all within walking distance. This site is near the hospital, 5 min drive to downtown & VIU. The property is over 33000 sq ft (.76 acres), is situated on a corner lot with 2 road frontages & level building site. COR3 zoning allows 60% lot coverage with a 0.75 Floor Area Ratio (FAR) with Tier 1 and Tier 2 incentives to permit additional density (buyers to do their own due diligence). The property currently has a small home on the site which could be rented while you design and plan your project. This site offers plenty of sun and once built the units will enjoy views of Mt. Benson.
Location
Province BC
County Nanaimo, City Of
Community Na Central Nanaimo
Area Nanaimo
Zoning COR-3
Rooms
Kitchen 1
Interior
Heating Other
Cooling None
Fireplace No
Laundry In House
Exterior
Parking Features Open
Garage Spaces 4.0
View Y/N false
Roof Type Asphalt Shingle
Street Surface Paved
Total Parking Spaces 4
Garage No
Building
Lot Description Cleared, Corner Lot, Irregular Lot, Recreation Nearby, Shopping Nearby, Southern Exposure
Foundation Concrete Perimeter
Sewer Sewer Connected
Water Municipal
Others
Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
Ownership Freehold
Special Listing Condition Resale
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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”