$999,000

Investment For Sale In Newcastle, Nanaimo, British Columbia

$999,000

Property Information:

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.

Property Features:

  • Annual Tax Amount: $4,042
  • Building Features: Basement, High Traffic Area, Parking
  • Construction Materials: Wood
  • Cooling: None
  • Flooring: Other
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Natural Gas
  • Lot Frontage: 8712 Square Feet
  • Lot Size: 8712.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • View:
  • Water Source: Municipal
  • Zoning: R8
  • Sewer:

Courtesy of: Century 21 Harbour Realty Ltd.

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.