Investor alert! Development / investment or holding property. This 16000 square foot lot is zoned "Corridor 3" and supports a variety of higher density uses. Including a city supported proposed plan for a 9 unit multifamily townhome development ideal for this popular up and coming location. This property currently has 2 detached 1 bedroom rental dwellings plus a 2 bedroom mobile home bring in $1800 a month revenue. Recent investment in the local neighbourhood include stakeholders such as McDonalds, Country Grocer, TD Bank, VI Fitness, Rexall and Tim Hortons to name a few. Ideal for holding or development this property won't last.

Brokered And Advertised By: RE/MAX Of Nanaimo
Listing Agent: ADAM WYNANS