Development property with side by side duplex. One side is currently rented for $1,300 per month. The other side is vacant with recent updates and is move in ready, just choose your next tenant. The current R4 Duplex Zoning will allow the .506 acre lot to be subdivided into 2 duplex lots. The City of Nanaimo is supporting higher density in this area and has indicated the possibility of rezoning to R5 (Three and Four Unit Residential) making this an ideal property for a small development. The location is close to all the amenities of North and Central Nanaimo and the condition of the duplex is turn key ready offering great cash flow while you plan your development. Measurements are approximate & data should be verified if important.
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