1641 Bowen Rd new Save Request In-Person Tour Request Virtual Tour
Nanaimo,BC V9S 1C7
Key Details
Property Type Single Family Home
Sub Type Single Family Detached
Listing Status Active
Purchase Type For Sale
Square Footage 776 sqft
Price per Sqft $1,417
MLS Listing ID 992939
Style Rancher
Bedrooms 2
Rental Info Unrestricted
Year Built 1938
Annual Tax Amount $6,050
Tax Year 2024
Lot Size 0.420 Acres
Acres 0.42
Property Sub-Type Single Family Detached
Property Description
Prime Multi-Family Development Opportunity in Nanaimo! This 18,441 sq. ft. COR1-zoned parcel comes with a Development Permit in place for a 22-unit, four-storey multi-family residential building, making it a rare turnkey investment opportunity. Ideally situated just minutes from downtown Nanaimo, the site offers excellent walkability to Bowen Road amenities, as well as easy access to the Nanaimo Parkway and North Nanaimo. The approved development features a well-balanced unit mix, including 1 Live/Work unit, 3 studios, 9 one-bedrooms, 4 one-bedroom + den units, 3 two-bedroom + den units, and 3 accessible two-bedroom units, catering to a diverse range of residents. This project is for investors who are looking to capitalize on the area's strong rental demand and growth. Full plans and designs are available upon request for qualified buyers. Don't miss out on this exceptional investment—contact us today for more details! Measurements and data approximate; verify if important.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning COR1
Rooms
Basement Crawl Space
Main Level Bedrooms 2
Kitchen 1
Interior
Heating Baseboard,Electric,Oil
Cooling None
Flooring Mixed
Heat Source Baseboard,Electric,Oil
Laundry In House
Exterior
Exterior Feature Garden
Parking Features Driveway,Garage,RV Access/Parking
Garage Spaces 1.0
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Lot Description Central Location,Easy Access,Recreation Nearby,Shopping Nearby,Southern Exposure
Faces Northeast
Entry Level 1
Foundation Poured Concrete
Sewer Sewer To Lot
Water Municipal
Structure Type Frame Wood,Insulation: Ceiling,Stucco
Others
Pets Allowed Yes
Tax ID 005-562-341
Ownership Freehold
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs