Prime Development Opportunity at 455 Watfield!
Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 and R5), perfect for a versatile residential development. With its flat landscape and alley access, the lot is fully serviced with sewer and water connections right at the lot line, making it ready for immediate building. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just three blocks from Vancouver Island University and surrounded by parks, shops, and schools, this lot is ideally situated to meet the demands of future tenants and buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity to invest in a property with ample potential for high returns.
Address
455 Watfield Ave
List Price
$439,900
Property Type
Residential
Type of Dwelling
Land
Area
Nanaimo
Sub-Area
Na University District
Lot Size
5435 Sq. Ft.
Lot Size (Acres)
0.12 Ac.
MLS® Number
980941
Listing Brokerage
Royal LePage Nanaimo Realty (NanIsHwyN)
Postal Code
V9R 3P6
Tax Amount
$2,745.00
Tax Year
2020