455 Watfield Ave, Nanaimo
- Living area: 1044 square feet
- Type: Lots and Land
- Added: 4 days ago
- Updated: 3 days ago
- Last Checked: 21 hours ago
Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 and R5), perfect for a versatile residential development. With its flat landscape and alley access, the lot is fully serviced with sewer and water connections right at the lot line, making it ready for immediate building. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just three blocks from Vancouver Island University and surrounded by parks, shops, and schools, this lot is ideally situated to meet the demands of future tenants and buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity to invest in a property with ample potential for high returns. (id:1945)
Exterior & Lot Features
- Lot Size Units: square feet
- Parking Total: 5
- Lot Size Dimensions: 5435
Location & Community
- Common Interest: Freehold
Tax & Legal Information
- Zoning: Residential/Commercial
- Parcel Number: 007-105-801
- Tax Annual Amount: 2745.12
- Zoning Description: R1 & CS1
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