This property is being sold for the land value primarily and is Zoned for superb Commercial Development. Extremely well located as it is one road off the ocean wall with good ocean views which makes this even more appealing for development. Currently there is an income earning character home situated close to Stewart. Both tenants are on month to month. This allows for ongoing revenue until building begins. Right beside this land is a large project on the exact same size lot getting ready to turn the earth for the construction faze to begin. What a dream holding with big potential.
Address
350 Stewart Ave
List Price
$999,000
Property Type
Commercial Sale
Type of Dwelling
Multi Family
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Brechin Hill
Lot Size
8712 Sq. Ft.
Lot Size (Acres)
0.2 Ac.
MLS® Number
1013359
Listing Brokerage
Century 21 Harbour Realty Ltd.
Postal Code
V9S 4C4
Tax Amount
$4,042.00
Tax Year
2024
Features
Forced Air, Natural Gas, Other