2062 Waring Rd, Nanaimo
Exceptional investment opportunity near the heart of Cedar. Situated on a private and peaceful 1-acre parcel at 2062 Waring Road, this property is offered at attractive price below BC Assessment value. Located on a no-through road, the setting is quiet, rural, while still offering convenient access to nearby amenities. The property features two separate building structures. The primary residence is livable and includes an unauthorized suite, offering additional income rental potential. The second home has not been occupied for some time and presents a significant opportunity for rebuild or redevelopment, allowing investors or buyers to add substantial value to the property. With its generous lot size, multiple structures, and strong upside potential, this property is well-suited for investors, renovators, or buyers looking for a long-term value-add opportunity in a desirable Cedar location. All measurements are approximate and should be verified. (id:62865)
Status
Active
Year Built
1970
Property Type
House
Ownership
Freehold
Parking Spaces
5
Annual Tax
$3,211
Zoning
Unknown
Parcel Number
007-123-205
Data Source
Vancouver Island Real Estate Board
Bedrooms
4
Bathrooms
2
Living Area
1920 square feet
Lot Size
1.0 acres
Lot Features
Heating
Forced air, Oil
Cooling
None
$650,000
Office
Sutton Group-West Coast Realty (Nan)
Loan Amount:
$520,000
Estimated Monthly Payment:
$2,534
This is an estimate for informational purposes only. Consult with a financial advisor.
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