mark stephenson west vancouver real estate agent
You are here: Home Sold By Mark A unique student housing, multi-family or mixed-use development opportunity just steps to Vancouver Island University

A unique student housing, multi-family or mixed-use development opportunity just steps to Vancouver Island University

A unique student housing opportunity just steps to Vancouver Island University
sold

416 Wakesiah Ave, Nanaimo

$ 409,000

UNIVERSITY DISTRICT HOME ON TWO LEGAL LOTS! Here is an exciting opportunity to own a residence just steps from Nanaimo’s Vancouver Island University. This home is situated on two legal lots (100ft x 138ft) with lane access at the rear and presents an excellent investment opportunity. Did you know that Nanaimo currently allows homes with lane access to build detached secondary dwellings (coach/laneway homes)? This property could potentially have four dwellings on it under existing R1 Zoning. This property is also designated a “Corridor Zone” by Official Community Plan with possibility for rezone to Student Housing or MultiFamily. Contact REALTOR for examples of neighbouring properties that have recently been rezoned/redeveloped.

The University District encompasses the Vancouver Island University, Senior Secondary schools, a French Immersion school, and condenses Nanaimo’s largest sporting facilities in one area that includes the Nanaimo Ice Centre, Aquatic Centre, and the Serauxmen Stadium. From this area you can easily access the Parkway Trail and ride or jog all to the North End of Nanaimo. Not to be confused with College Heights, the “University District” is a new name for the parts of Harewood closest to Vancouver Island University (formerly Malaspina U-C). University Village is at the heart of the District and offers a Quality Foods, Starbucks, Subway, Shoppers Drug Mart, and more. There are character homes, new homes, and everything in between. University Heights is a neighbourhood, thoughtfully and adjacent to the wooded trails of Colliery Dam Park, quiet and only minutes to the trendy Water Front District.



MLS #: Exclusive
Location: University District
Property Type: House/Single family
Bedrooms: 4
Bathrooms: 2
Home Size: 1,784 Square Feet
Lot Size: 100 x 13 Square Feet
Age: 1953
Maintenace Fees: $ N/A
Taxes: $ 2,437.19 (2013)
Special Features: Property designated “Corridor Zone” by Official Community Plan with possibility for rezone to Student Housing / Multi-Family
featurelistFeature Sheet

mapMap

E-mailEmail this listing to a friend

Bookmark and Share


Back to top
* Top 3% in North America based on gross commission income, Prudential Real Estate Affiliates