1441/1445 Montrose Ave
Na Departure Bay Nanaimo V9S 3H8

$999,900
Commercial Sale

Main Photo: 1441/1445 Montrose Ave in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 975250
Photo 1: 1441/1445 Montrose Ave in Nanaimo: Na Departure Bay Multi Family for sale : MLS®# 975250
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Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
975250
*Prime Oceanview Development Opportunity at 1441 Montrose Avenue, Nanaimo!* This property, now designated under the COR1 zoning, this is a developer’s dream, perfectly aligned with Nanaimo’s Official Community Plan to support higher-density residential projects. Situated near the Nanaimo Golf Club, Brooks Landing Mall, and Departure Bay Beach, this location offers easy access to recreation and shopping. Currently, a legal duplex provides stable rental income from two 2 bed suites, providing a solid base to hold or immediate redevelopment. This parcel could support 20-22 units making it ideal for a multi-family building or townhomes. This is is your chance to enter or expand in the Nanaimo market with a rare high-density parcel in one of Nanaimo’s most desirable neighbourhoods. Contact us today to explore the full potential of this beautiful development site! Buyer must do own due diligence to confirm desired density, zoning and building plans with the city.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building
Lease Type:
Sale Price
Listing General Location:
Na Departure Bay, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
14,000.097 sq. ft.
Taxes:
$4,739.9 / 2023
Construction:
Frame Wood
Foundation:
Concrete Perimeter
Total Building Area:
1,689 sq. ft.
Commercial Area:
Other
Water supply:
Municipal
Sewer:
Sewer Connected
Heating:
Electric, Forced Air
Fireplace:
No
Fencing: Full
Mountain(s), Ocean
Main Level
0
Yes
No
Unrestricted
Assessed:
744000.0
Assessment year:
2024
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 67, PLAN VIP9500, SECTION 1, NANAIMO LAND DISTRICT
Zoning:
R4
Occupancy:
Tenant
Lot Site Features:
Central Location, Family-Oriented Neighbourhood
Parking Features:
On Site
Total Units:
2
Date Listed:
Sep 06, 2024
Original Price:
999900.0
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Listed by RE/MAX of Nanaimo
Data was last updated October 16, 2024 at 01:06 AM (UTC)
Area Statistics
Listings on market:
99
Avg list price:
$1,162,250
Min list price:
$23
Max list price:
$11,500,000
Avg days on market:
105
Min days on market:
2
Max days on market:
497
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations.
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.