This 1.78 acre gem has a variety of revenue streams making this value packed property an amazing opportunity. Zoned R2.8 with excellent highway & commercial frontage, the property contains 5 separate rentals plus up to 6 rentable shop spaces. Recently vacant and totally renovated, is a 1533 sq ft rancher with new windows, recent roof, new flooring & paint throughout. On the front of the property you will find a 1546 sq ft retail space that has been divided in 2 separate residences. Side A features an open plan with loft for sleeping quarters, full kitchen, 3 piece bath and a private fenced yard. Side B is a bright & open studio space at 810 sq ft with a full kitchen and 4 pc bath. Both sides enjoy ceiling height of 12'4". On the rear of the property there is an up/down duplex. The lower unit features 2 bedrooms + den & in suite laundry. Above is a 1 bdrm unit with an open floor plan. In addition to these great dwellings are 5-6 shop spaces totalling 2922 sq feet of rentable space. Most can be connected or left divided for further income. High ceilings between 12'5"-16'5" make options for the use of these spaces endless. All of the units are on separate hydro meters & share a good quality collective water system that is regularly maintained and does not run dry. Over $35,000 was recently spent on a new high end septic system to accommodate the many uses this property offers. All measurements are approximate please verify if important. For more information please call 250-585-2601 or visit www.islandhomegroup.com.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8