2223&2225 ROSSTOWN NANAIMO

neighbourhood of Other British Columbia Canada V9T 3R4
$1,099,800
  • Price: $1,099,800
  • MLS Number: 860306
  • Property Type: Residential

Opportunity to obtain two side by side properties on separate titles with four suites and solid revenue – tenants are in place offering over 5% CAP rate at the current asking price. The location is positioned in the heart of Nanaimo opposite Beban Park Recreational Centre and Frank Crane Arena just off of the north end of Bowen Road close to all amenities, on a major bus route and walking distance to shopping, recreation and dining. Currently zoned R1, there is potential to rezone the property as per the OCP (Official Community Plan) designation of Corridor offering a multitude of options including but not limited to a condo development site, town homes, care facility, commercial, etc. Refer to City of Nanaimo Corridor 1, 2 or 3 zoning for clarification of OCP future use.

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