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2062 Waring Rd, Nanaimo

MLS® #1022821
About this Property

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)

Property Information

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

Interior Details

Bedrooms

4

Bathrooms

2

Living Area

1920 square feet

Exterior & Lot

Lot Size

1.0 acres

Lot Features

Level lotPrivate settingWooded areaOther
Building & Utilities

Heating

Forced air, Oil

Cooling

None

$650,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
4Beds
2Baths
1920sqft
Listing Courtesy of

Office

Sutton Group-West Coast Realty (Nan)

Mortgage Calculator
$130,000

Loan Amount:

$520,000

Estimated Monthly Payment:

$2,534

This is an estimate for informational purposes only. Consult with a financial advisor.