880 Hecate Street, Old City, Nanaimo (996776)

880 Hecate Street

Old City, Nanaimo

3 Bedrooms

3 Bathrooms

10 Open Parking

3,183 sqft

$614,000

Browse Photos

About this House in Old City

Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom… and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.

Appliances Included:

Dryer, Range Hood, Refrigerator, Washer

Exterior Features Of 880 Hecate, Old City, Nanaimo

Fencing: Partial

Lot Features Of 880 Hecate, Old City, Nanaimo

Level

Listed by RE/MAX of Nanaimo.

Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story "missing middle" housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important.

Appliances Included:

Dryer, Range Hood, Refrigerator, Washer

Exterior Features Of 880 Hecate, Old City, Nanaimo

Fencing: Partial

Lot Features Of 880 Hecate, Old City, Nanaimo

Level

Listed by RE/MAX of Nanaimo.

Victoria and Vancouver Island MLS® Reciprocity Brought to you by your friendly REALTORS® through the MLS® System, courtesy of Brixwork for your convenience.
Disclaimer: MLS® property information is provided under copyright© by the Victoria Real Estate Board & Vancouver Island Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.