Potential development property in the very popular "bowl' area of downtown Nanaimo adjacent to the Old City Quarter. Currently operated as an older 10 bedroom rooming house on a large (.26 acre) property. There are two legal parcels being offered together. 345 Prideaux is zoned DT8 and contains the rooming house. 390 Milton is vacant, adjacent to the rear of 345 Prideaux and is zoned R14. Rezoning of 390 Milton to DT8 is a real possibility. Receive the good revenue from the rooming house while planning redevelopment of the site or ?. Measurements are taken from BC Assessment which show house is approximately 2,700 sqft excluding basement. Appointments only through L/S. Do Not Disturb Tenants. Measurements are approximate, verify if important.
Chris Martin, 250.751.1223 at RE/MAX of Nanaimo, #1 - 5140 Metral Drive, Nanaimo, British Columbia, V9T 2K8