Our Agents' Listings
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 938265
- Photos (54)
- Schedule / Email
- Send listing
- Mortgage calculator
- Print listing
Schedule a viewing:
Cancel any time.
Welcome to 553 Larch St in Central Nanaimo, where you'll discover a truly exceptional property boasting breathtaking
Ocean Views & boundless opportunities for redevelopment. This prime location grants easy access to all the amenities
Nanaimo has to offer. A standout feature is its R8 multifamily zoning, allowing for the development of up to 16 units.
This presents an ideal investment opportunity for developers seeking to capitalize on the growing demand for housing in
the area. Spectacular Ocean Views this property offers. Imagine waking up every
morning to the sunrise over the ocean, watching the seaplanes take off. Currently the property includes a charming home
with 3 beds, 2 baths & over 2000sqft of living space. Whether you envision constructing your dream home or developing
a multi-unit complex, this property has everything you need to make it happen. The combination of its prime location,
stunning views, & R8 zoning allows endless possibilities.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building, Land
- Lease Type:
- Sale Price
- Listing General Location:
- Na Brechin Hill, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 9,300.064 sq. ft.
- Taxes:
- $4,692.78 / 2022
- Construction:
- Frame Wood, Insulation All, Wood
- Foundation:
- Slab
- Electricity:
- Yes
- Floor finish:
- Mixed
- Commercial Area:
- Core (excl Downtown)
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Forced Air, Natural Gas
- Fireplace:
- No
- Balcony/Deck, Balcony/Patio
- Mountain(s), Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
- Coop Commission = 3.5% 100K & 1.5% bal if physical introduction, otherwise 1.75% 100K & 0.75% bal
- Assessed:
- 850000.0
- Assessment year:
- 2023
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Lot 9, Block 8, Plan VIP1972, District Lot 14, Section 1, Nanaimo Land District, AMD (DD 74417-N), NEWCASTLE RESERVE
- Occupancy:
- Owner
- Utilities:
- Electricity Connected, Garbage, Natural Gas Connected, Recycling
- Lot Site Features:
- Central Location, Family-Oriented Neighbourhood, Marina Nearby, Rectangular Lot, Serviced, Shopping Nearby
- Parking Features:
- On Site
- Total Parking Spaces:
- 4
- Road Surface Type:
- Paved
- Total Units:
- 1
- Date Listed:
- Jul 21, 2023
- Original Price:
- 1299900.0
-
Potential Apartment Development -
Potential Apartment Development
-
Ocean Views
-
Front of Home
-
Back of Home
-
Large 9300 sqft lot
-
Photo 7 of 54
-
Photo 8 of 54
-
Photo 9 of 54
-
Photo 10 of 54
-
Photo 11 of 54
-
Photo 12 of 54
-
Photo 13 of 54
-
Photo 14 of 54
-
Photo 15 of 54
-
Photo 16 of 54
-
Large 9300 sqft lot
-
Large 9300 sqft lot
-
Large 9300 sqft lot
-
Large 9300 sqft lot
-
Aerial View
-
Aerial View
-
Aerial View - Close to Ocean
-
Aerial View
-
Aerial View
-
Aerial View
-
Aerial View
-
Ocean Views
-
Kitchen
-
Kitchen
-
Kitchen
-
Dining Area
-
Dining Area
-
Dining Area
-
Living Room
-
Living room
-
Living room
-
Primary Bed
-
Primary Bed
-
Ensuite
-
Ensuite
-
Ensuite
-
Photo 43 of 54
-
Photo 44 of 54
-
Photo 45 of 54
-
Photo 46 of 54
-
Photo 47 of 54
-
Photo 48 of 54
-
Bedroom
-
Photo 50 of 54
-
Photo 51 of 54
-
Photo 52 of 54
-
Photo 53 of 54
-
Floor Plan
Data was last updated October 3, 2023 at 02:05 AM (UTC)
Area Statistics
- Listings on market:
- 113
- Avg list price:
- $1,463,000
- Min list price:
- $49,000
- Max list price:
- $15,999,999
- Avg days on market:
- 98
- Min days on market:
- 5
- Max days on market:
- 558
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.
- Cody Dreger
- 460 Realty Inc. (NA)
- 250-591-4601
- Contact by Email
