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1303 Junction Ave Nanaimo, British Columbia V9R 6R6

3 Bedroom 2 Bathroom 3159 sqft
Air Conditioned Heat Pump, Heat Recovery Ventilation (Hrv) Acreage

$2,500,000

Prime Development Opportunity! This 1.42-acre site is fairly level and offers 328 feet of frontage and is an ideal rezone to Medium to High-density Residential development, Commercial Center or mixed use Residential and Commercial development. Strategically located in Chase River, south of Nanaimo, the property is in close proximity to Southgate Shopping Centre and other amenities, providing convenience for future residents. The property is connected to city services and includes a fully remodeled 2,337 sq. ft. residence with 3 bedrooms and 2 bathrooms, offering immediate rental income potential or a temporary residence during development. The property is also equipped with an 822 sq ft detached shop and a large level fenced yard, adding to the property's versatility. Easy access to the Island Highway and downtown makes this location highly desirable for commuters and enhances the attractiveness for future development. Rezoning maximizes the land's value and development potential, making it an excellent investment for developers as land like this is very rare in Nanaimo. With the existing home providing immediate revenue and the land's development potential, this property represents a strong investment opportunity. Information package available by request. (id:33633)

Property Details

MLS® Number 966085
Property Type Single Family
Neigbourhood Chase River
Features Acreage, Level Lot, Irregular Lot Size, Partially Cleared, Other
Parking Space Total 8

Building

Bathroom Total 2
Bedrooms Total 3
Constructed Date 1960
Cooling Type Air Conditioned
Fireplace Present No
Heating Fuel Electric
Heating Type Heat Pump, Heat Recovery Ventilation (hrv)
Size Interior 3159 Sqft
Total Finished Area 2337 Sqft
Type House

Land

Access Type Road Access
Acreage Yes
Size Irregular 1.42
Size Total 1.42 Ac
Size Total Text 1.42 Ac
Zoning Description R1
Zoning Type Residential

Rooms

Level Type Dimensions
Lower Level Bathroom 3-Piece
Lower Level Laundry Room 9'1 x 6'6
Lower Level Storage 15'11 x 17'11
Lower Level Family Room 23'3 x 17'8
Main Level Entrance 4'6 x 4'6
Main Level Bathroom 5-Piece
Main Level Bedroom 10 ft x Measurements not available
Main Level Bedroom 12 ft x Measurements not available
Main Level Primary Bedroom 12'3 x 11'8
Main Level Kitchen 18'2 x 13'11
Main Level Living Room 18 ft x 13 ft

https://www.realtor.ca/real-estate/26982908/1303-junction-ave-nanaimo-chase-river

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