Excellent Commercial/Residential Investment Opportunity in the University District of Nanaimo, BC. The ½ acre treed and level property features an 1,849 Sq. Ft. Single Family Home over 2 levels and a 6-Unit apartment building. The property is situated on a corner with good traffic exposure with close proximity to downtown Nanaimo and amenities such as parks, shopping, restaurants, recreation, schools, and Vancouver Island University. The apartment building has 2 bachelor suites, four 1-Bed suites, coin-op laundry, separate hydro meters and lots of parking is available. There is a separate workshop and double garage providing additional income. Potential small-scale commercial/mixed-use businesses (e.g., hair/esthetic salon, appliance repair) could be allowed on site. The main house could serve as a residence or a rental while providing multiple streams of income through various facilities on the premises. The location and features make it a versatile investment with significant potential.
| Address |
50 Harewood Rd |
| List Price |
$1,450,000 |
| Property Type |
Residential |
| Type of Dwelling |
Single Family Residence |
| Area |
Nanaimo |
| Sub-Area |
Na University District |
| Bedrooms |
3 |
| Bathrooms |
2 |
| Floor Area |
1,783 Sq. Ft. |
| Lot Size |
20909 Ac. |
| Lot Size Acres |
0.48 Ac. |
| MLS® Number |
976699 |
| Listing Brokerage |
RE/MAX of Nanaimo
|
| Basement Area |
Full, Not Full Height |
| Postal Code |
V9R 5X5 |
| Tax Amount |
$9,123 |
| Tax Year |
2024 |
| Features |
Baseboard, Eating Area, Electric, Insulated Windows, Mixed, Storage |
| Amenities |
Central Location, Corner Lot, Irregular Lot, Landscaped, Recreation Nearby, Shopping Nearby, Workshop |
