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$ 499,000

531 2ND STREET, Nanaimo, BC, V9R 1X7

Listing ID# 421371
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$ 499,000

  • 531 2ND STREET
    South Nanaimo, Nanaimo, BC V9R 1X7
  • Listing ID 421371
  • Primary Business Type: Retail
  • Secondary Business Type: Business
  • Building Type: VACANT LAND
  • Status: For Sale/Active
  • Days on Market: 240

Property Description

Attention Builders/Developers! Versatile 0.25 Acre Development property, in the heart of the University District of Nanaimo. The property is an assembly of 3 separately titled lots: one 500 meter squared residential (Rlb) building lot fronting 2 streets - which could potentially be rezoned duplex; and 2 commercial (CC1) lots totaling 500 meters squared where the Fairview Convenience Store currently sits. The CC 1 zoning provides for small scale and community services within neighbourhoods & allows mixed commercial/residential up to 3 levels. If the store was demo'd, you could build commercial at street level and 1 or more residential units up - ideal income property or live & work situation. The CCl zoning also allows for one single family dwelling/lot subject to floor area ratio and lot coverage constraints. So, you could potentially get 4 or more doors on this property at a time when huge premiums are being paid for residential building lots. Possession: "As is, where is". Verify from City of Nanaimo as required. All information and measurements are approximate. Buyers, agents has to verify as required.



Listing courtesy of Coldwell Banker Slegg Realty (Nan)


Demographics

South Nanaimo Property Overview
66%Own 34%Rent
  • Detached 4,255
  • Duplex 856
  • Low-Rise 459
  • Semi-Det. 392
$ 368 k

Average Home Price in South Nanaimo

44 years

Average home age in South Nanaimo

Household Size
4,174One-family 2,216Non-family 112Multi-family
Household size (# people)
  • 12,109
  • 22,220
  • 31,134
  • 4-5911
  • 6+129
Household Income in South Nanaimo
81%Employed 11.3%Unemployed 7.7%Self-Employed
  • Blue Collar 4,253
  • White Collar 3,235
$ 53 k

Average income

40 years

Average age

Education
  • Certificate, diploma, degree 10,892
  • High School 4,395
  • No Certificate 3,633
  • College 2,359
  • Apprenticeship 2,052
Marital Status in South Nanaimo
39%Married 38%Single 23%Other
Age groups
  • 0-1923%
  • 20-2916%
  • 30-4926%
  • 50+35%

Points of interest and Comparables - South Nanaimo

top

$305,242*

average price

+3.64%

market trend

* - average price based on 207 comparable properties in the neighbourhood
# date listed bed/bath
1 10/6/2017 $279,000 2/1
2 11/12/2017 $250,000
3 10/27/2017 $649,900 4/4
4 11/19/2017 $699,900 5/3
5 11/18/2017 $699,000 5/3
6 10/19/2017 $749,900 5/4
7 9/9/2017 $269,500
8 5/13/2017 $1,698,000
9 11/26/2012 $359,900 3/2
10 11/14/2017 $289,900 3/2
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MLS? system data provided by VIREB, copyright? 2017. The information is from sources deemed reliable but not relied upon with independent verification.