Welcome to 2104 Northfield Rd, a remarkable property in Central Nanaimo with rare COR2 zoning on a large 12,131 sqft lot currently rented with an approximately 4.5% cap rate. This versatile property presents an amazing opportunity for multifamily or multi-purpose development. Currently, the recently updated home on the property is generating a monthly rental income of $4,250, providing a valuable source of revenue to help offset redevelopment expenses. With COR2 zoning, you have the flexibility to explore various possibilities, whether it's a multifamily residential project, a restaurant/pub as well as many other options. Additionally, its central position allows for quick access to both N Nanaimo and the Downtown Core. Don't miss out on this incredible opportunity to invest in a property with boundless potential in a thriving and evolving area. Contact us today to explore the endless possibilities that 2104 Northfield Rd has to offer! (*Measurements and data provided are approximate and recommended for verification if deemed essential.) (id:4069)
Address
2104 Northfield Rd
List Price
$1,100,000
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
6
Bathrooms
4
Floor Area
2,211 Sq. Ft.
Lot Size
12131 Sq. Ft.
Year Built
1959
MLS® Number
978585
Listing Brokerage
eXp Realty
Postal Code
V9S3B9
Features
Central location, Other
With 15 years of real estate experience, Chris Crump, PREC, is a consistent high performer known for unwavering ethics and exceeding expectations. As a trusted advisor, Chris delivers unparalleled customer service. Chris enjoys skiing, biking, and fishing, reflecting a well-rounded lifestyle resonating with clients. With a commitment to guiding clients toward their real estate goals, Chris stands as a beacon of reliability, setting the standard for exceptional service.