Address
2126 Meredith Rd, Nanaimo, BC
Price
$ 1,625,000
Property Attributes
  • MLS#943289
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Central Nanaimo
  • Postal CodeV9S 2N3
  • StyleMulti Family
  • Taxes$ 3124
  • Price$ 1,625,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size11,761 SqFt
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

Take advantage of vendor financing with this incredible opportunity! This conveniently situated property is located in the heart of Central Nanaimo, just a few blocks away from Nanaimo General Hospital, clinics, close proximity to Vancouver Island University, transit, many shopping options including Country Grocer, and the fantastic Beban Park for recreation. This development site is primed and ready for action, offering an 11,791 square foot lot with COR 1 zoning. Previously, it had obtained both a development permit and building permit for a 4-storey, elevator equipped condominium building consisting of 21 units with ground level under building parking. Although these permits expired in 2022, all the necessary plans, engineering work, and architectural drawings have been meticulously completed and fully paid for. With the popularity of affordable condos in Nanaimo for both resale and rental purposes, this is a rare opportunity.

General Features

Commercial Area Not Applicable
Commercial Listing Type Land
Property SubType Multi Family
Property Type Commercial Sale
Sewer Sewer Connected

Interior Features

Total Units 1

Exterior Features

Lot Features Central Location, Corner, Easy Access, Level, Serviced
Lot Size Acres 0.27
Lot Size Square Feet 11763.00
Parking Onsite Yn Yes
Water Source Municipal

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9S 2N3

Price
AVG $1.63M
$1.63M
Taxes
AVG $3,124
$3,124
Visits
AVG 114
113
Data Provided by Inside Real Estate®
Walkscore
AVG 68
68
Data Provided by Walkscore® not using MLS data