Property Description
Sold at land value only. Large 9,585 square foot lot with southern exposure, overlooking the City Centre. The land is ready for redevelopment for an impressive single-family home or can be developed for multifamily use under the existing zoning. The immediate area is being renewed with larger, modern residential development. Lot area is 67.5 sq ft by 142 sq ft.
The adjacent lot at 550 Pythian Lane is also available for purchase. The two lots are matching in area, rectangular shape, and access, with each providing 9,585 square feet of development land (total of 19,170 square feet).
Property Details
MLS #:
1021305
ID #:
30291309
Type:
Residential
Sub-Type:
Land
Area:
Nanaimo
Sub-Area:
Na Central Nanaimo
Status:
Active
Lot Size:
0.22 acres
Property Tax:
$3,272 (2024)
Days on Market:
180 days
Listing provided by NAI Commercial (Victoria) Inc.
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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