- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 980941
- Photos (21)
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Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 & R5), perfect for a versatile residential development. With its flat landscape & alley access, the lot is fully serviced with sewer & water connections right at the lot line. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just 3 blocks from Vancouver Island University & surrounded by parks, shops, & schools, this lot is ideally situated to meet the demands of future tenants & buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity.
- Property Type:
- Residential
- Type:
- Land
- Listing General Location:
- Na University District, Nanaimo
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 5,435 sq. ft.
- Lot Details:
- 131.8 x 41.24
- Kitchens:
- 0
- Taxes:
- $2,745 / 2020
- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Water supply:
- Municipal, To Lot
- Sewer:
- Sewer Available, Sewer To Lot
- Fireplace:
- No
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- 3.5% 100K & 1.5% bal if physical introduction, otherwise 1.75% 100K & 0.75% bal
- Assessed:
- 420000.0
- Assessment year:
- 2023
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- LOT 12, BLOCK 1, SECTION 1 NANAIMO DISTRICT, PLAN 1690
- Zoning:
- R1 & CS1
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Vacant
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Total Parking Spaces:
- 5
- Date Listed:
- Nov 18, 2024
- Original Price:
- 439900.0
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Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated December 4, 2024 at 07:30 AM (UTC)
Area Statistics
- Listings on market:
- 20
- Avg list price:
- $759,450
- Min list price:
- $275,000
- Max list price:
- $1,159,000
- Avg days on market:
- 35
- Min days on market:
- 9
- Max days on market:
- 201
- Avg price per sq.ft.:
- $406.67
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations.
- RITA FRASER
- Royal LePage Nanaimo Realty
- 1 (604) 3194287
- Contact by Email
Brokerage
4200 Island Hwy N
Nanaimo, BC V9T 1W6