Description

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. The property's central location is a major asset, with easy access to bus stops, restaurants, pubs, and grocery stores, ensuring convenience for future residents or businesses. Families will appreciate the proximity to Forest Park Elementary, and for travelers or commuters, the Sea Air Float Plane Terminal and Departure Bay Ferry Terminal are just a 5-minute drive away, connecting you effortlessly to the lower mainland. Additionally, its central position allows for quick access to both North 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! For additional information call or email Travis Briggs with eXp Realty at 250-713-5501 / [email protected] (Video, floor plans, additional photos available at travisbriggs.ca & measurements and data approximate and should be verified if important.)