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Additional details

Nader Bakhoum,PMP, P.Eng.

info@home-nader.com +1(604) 612-7228

$ 1,099,900

Est. payment | -/mo

4 Beds

2 Baths

1,957 SqFt

Save

$ 1,099,900

Est. payment | -/mo

Save

4 Beds

2 Baths

1,957 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1957

Square Footage 1,957 sqft

Price per Sqft $562

Subdivision Central Nanaimo

MLS® Listing ID 1049129

Bedrooms 4

Year Built 1959

Lot Size 0.349 Acres

Acres 15183.0

Property Sub-Type Freehold

Property Description

CENTRAL NANAIMO INVESTMENT & DEVELOPMENT OPPORTUNITY! A rare two-lot offering with a combined total of approximately .35 acres, featuring a spacious 2,345 sq ft home with partially finished lower level plus an adjoining R5-zoned development lot. Whether your strategy is to renovate, hold, generate future income, or explore redevelopment, this unique package offers exceptional flexibility and long-term potential in a highly convenient central Nanaimo location. Set among mature trees and established landscaping, the existing home enjoys a private backyard setting. Natural light fills the main level, featuring hardwood floors, a welcoming living room with tile-surround fireplace and large picture window, adjoining dining room and kitchen with abundant cabinetry, tile flooring and access to the rear deck. A spacious primary bedroom, two additional bedrooms and family bath complete this level. The partially finished lower level adds another dimension to the investment potential. With its own separate entrance, it includes a mudroom, laundry area, recreation room, studio/hobby space, additional bedroom and 3-piece bath. With no kitchen currently installed, the layout offers potential to explore a secondary suite, additional living space, or other improvements. The adjoining R5-zoned lot significantly expands the possibilities, with zoning allowing residential development of up to 4 units. Renovate and enjoy the existing home, explore income potential, hold for the future, or consider a broader redevelopment strategy across this appealing two-lot package. Ideally located minutes from Nanaimo Regional General Hospital, Nanaimo Golf Club, schools, shopping, parks, transit, Departure Bay Ferry, Harbour Air, and Nanaimo's downtown waterfront. The home is also available separately under MLS® 1049126. Measurements are approximate and should be verified if important. (id:24570)

Location

Province BC

Zoning Residential

Rooms

Kitchen 1.0

Extra Room 1 Lower level 13'3 x 11'4 Other

Extra Room 2 Lower level 3-Piece Bathroom

Extra Room 3 Lower level Measurements not available x 13 ft Recreation room

Extra Room 4 Lower level 13'6 x 12'9 Studio

Extra Room 5 Lower level 25'8 x 12'5 Bedroom

Extra Room 6 Main level 5-Piece Bathroom

Interior

Heating Forced air,

Cooling None

Fireplaces Number 1

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 2

Garage No

Private Pool No

Others

Ownership Freehold

Listed by REMAX Professionals (NA)

1746 & 1756 Meredith Rd Nanaimo, BC V9S2M4