BC > Nanaimo > Chase River
Nanaimo, BC V9R6R6,1303 Junction Ave
Nanaimo, BC V9R6R6,1303 Junction Ave
Nanaimo, BC V9R6R6,1303 Junction Ave
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$2,500,000
Est. payment /mo
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3 BD
2 BA
3,159 SqFt
Active

1303 Junction Ave Nanaimo, BC V9R6R6

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Noor Shihab

Noor Shihab

+1(403) 800-9255

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Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 3,159 sqft

Price per Sqft $791

Subdivision Chase River

MLS® Listing ID 966085

Bedrooms 3

Originating Board Vancouver Island Real Estate Board

Year Built 1960

Lot Size 1.420 Acres

Acres 61855.2

Property Description

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:24570)

Location

Province BC

Zoning Residential

Rooms

Extra Room 1 Lower level 3-Piece Bathroom

Extra Room 2 Lower level 9'1 x 6'6 Laundry room

Extra Room 3 Lower level 15'11 x 17'11 Storage

Extra Room 4 Lower level 23'3 x 17'8 Family room

Extra Room 5 Main level 4'6 x 4'6 Entrance

Extra Room 6 Main level 5-Piece Bathroom

Interior

Heating Heat Pump, Heat Recovery Ventilation (HRV),

Cooling Air Conditioned

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 8

Private Pool No

Others

Ownership Freehold

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Listed by RE/MAX of Nanaimo

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Noor Shihab

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+1(403) 800-9255

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1303 Junction Ave