510 Terminal Ave N Nanaimo, British Columbia V9S 4K2

4 Bedroom 2 Bathroom 2838 sqft
None Baseboard Heaters


Attention Builders/Developers!! Prime, Oceanview, Multi-Family Development Property on Nanaimos busiest traffic corridor in the heart of Downtown! COR2 zoning allows for Multi family apartment, or mixed multifamily and commercial building up to 13,068 sq ft (if Tier 1 requirements for extra density are met). Property is improved with a large, Oceanview character home which would provide great holding income while exploring development opportunities. The first & second floors offer amazing ocean views, 4 bedrooms, a large kitchen, 2 big bathrooms, hardwood flooring, efficient remote activated baseboard heat, hardwood flooring, fireplace and detached garage The house could also be converted to high-end office space - the central location, high-traffic exposure and ample off-street parking make it ideal for a lawyer/accountant office or medical clinic which would provide great holding income. Plus, available hazmat report indicates no asbestos and low property taxes. Awesome multi-family development potential, offering breathtaking ocean, city, and mountain views - close to shopping, BC Ferries, Hospital, seaplane terminal, marinas, parks and short walk to Seawall and Yacht Club. This one will not last long; Book your personal viewing today! (id:31376)

Property Details

MLS® Number 863457
Property Type Single Family
Neigbourhood Central Nanaimo
Features Central Location, Curb & Gutter, Southern Exposure, Corner Site, See Remarks, Other, Rectangular, Marine Oriented
Parking Space Total 2
View Type Mountain View, Ocean View


Bathroom Total 2
Bedrooms Total 4
Constructed Date 1950
Cooling Type None
Heating Fuel Natural Gas
Heating Type Baseboard Heaters
Size Interior 2838 Sqft
Total Finished Area 2088 Sqft
Type House


Acreage No
Size Irregular 8712
Size Total 8712 Sqft
Size Total Text 8712 Sqft
Zoning Description Cor 2
Zoning Type Residential/commercial


Level Type Dimensions
Second Level Bedroom 14'7 x 8'11
Second Level Bedroom 13'5 x 12'3
Second Level Primary Bedroom 14'4 x 14'3
Main Level Bathroom 3-Piece
Main Level Bathroom 3-Piece
Main Level Bedroom x 12 ft
Main Level Hall 6'11 x 5'3
Main Level Dining Room 12'1 x 10'11
Main Level Kitchen 12'1 x 11'3
Main Level Living Room 21'10 x 14'3
Other Workshop 18'3 x 12'8