Welcome to 2104 Northfield Rd, a remarkable property in Central Nanaimo with rare COR2 zoning on a large 12,131 sqft lot currently rented with an approximately 4.5% cap rate. This versatile property presents an amazing opportunity for multifamily or multi-purpose development. Currently, the recently updated home on the property is generating a monthly rental income of $4,250, providing a valuable source of revenue to help offset redevelopment expenses. With COR2 zoning, you have the flexibility to explore various possibilities, whether it's a multifamily residential project, a restaurant/pub as well as many other options. Additionally, its central position allows for quick access to both N Nanaimo and the Downtown Core. Don't miss out on this incredible opportunity to invest in a property with boundless potential in a thriving and evolving area. Contact us today to explore the endless possibilities that 2104 Northfield Rd has to offer! (*Measurements and data provided are approximate and recommended for verification if deemed essential.)
Address
2104 Northfield Rd
List Price
$1,050,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na Central Nanaimo
Bedrooms
6
Bathrooms
4
Floor Area
2,211 Sq. Ft.
Lot Size
12131 Sq. Ft.
Lot Size (Acres)
0.28 Ac.
Year Built
1959
MLS® Number
986460
Listing Brokerage
eXp Realty (NA)
Basement Area
Other
Postal Code
V9S 3B9
Tax Amount
$6,292.00
Tax Year
2023
Features
Baseboard, Electric
Amenities
Central Location, Easy Access, Near Golf Course, Recreation Nearby, Shopping Nearby