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.) (id:4069)
| Address |
2104 Northfield Rd |
| List Price |
$1,100,000 |
| Property Type |
Single Family |
| Type of Dwelling |
House |
| Area |
British Columbia |
| Sub-Area |
Nanaimo |
| Bedrooms |
6 |
| Bathrooms |
4 |
| Floor Area |
2,211 Sq. Ft. |
| Lot Size |
12131 Sq. Ft. |
| Year Built |
1959 |
| MLS® Number |
978585 |
| Listing Brokerage |
eXp Realty
|
| Postal Code |
V9S3B9 |
| Features |
Central location, Other |
