Area: British Columbia
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Welcome to 2104 Northfield Rd, a remarkable property in Central Nanaimo with rare COR2 zoning on a large 12,131 sqft lot currently rented with an approximately 4.5% cap rate. This versatile property presents an amazing opportunity for multifamily or multi-purpose development. Currently, the recently updated home on the property is generating a monthly rental income of $4,250, providing a valuable source of revenue to help offset redevelopment expenses. With COR2 zoning, you have the flexibility to explore various possibilities, whether it's a multifamily residential project, a restaurant/pub as well as many other options. Additionally, its central position allows for quick access to both N Nanaimo and the Downtown Core. Don't miss out on this incredible opportunity to invest in a property with boundless potential in a thriving and evolving area. Contact us today to explore the endless possibilities that 2104 Northfield Rd has to offer! (*Measurements and data provided are approximate and recommended for verification if deemed essential.) (id:44056)

Property Details

Full Address:
2104 Northfield Rd, Nanaimo, British Columbia
Price:
$ 1,050,000
MLS Number:
986460
List Date:
February 5th, 2025
Lot Size:
12131 sq.ft.
Year Built:
1959
Taxes:
$ 6,292

Interior Features

Bedrooms:
6
Bathrooms:
4
Air Conditioning:
None
Heating:
Baseboard heaters, Electric
Fireplaces:
2

Building Features

Zoning:
Commercial
Garage Spaces:
8
Ownership Type:
Freehold
Taxes:
$ 6,292

Floors

Finished Area:
2211 sq.ft.
Main Floor:
2211 sq.ft.

Land

Lot Size:
12131 sq.ft.

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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Travis Briggs Personal Real Estate Corporation eXp Realty (NA)
 250-713-5501
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Listing Agent(s)

Listing: Travis Briggs
eXp Realty (NA)

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