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674 Farquhar St, Nanaimo

MLS® #1038388
About this Property

With R14 zoning & outstanding redevelopment potential, this property presents an exciting opportunity for builders, investors, & forward-thinking buyers alike. The site offers the flexibility for a variety of multi-family concepts, including modern townhomes, stacked units, or ocean-view residences designed to maximize the setting. Street & alley access further enhance the development possibilities, making this a rare chance to secure a property with significant future upside. Complementing the potential is a charming, updated single-family home that is move-in ready for immediate enjoyment or rental income. Recent improvements include new flooring, fresh paint, & refreshed bathrooms, creating a bright and welcoming living space filled with character. Whether you’re looking for a comfortable home, a holding property, or your next development project, this property offers exceptional versatility and value. Measurements are approximate and should be verified if important. (id:62865)

Property Information

Status

Active

Year Built

1910

Property Type

House

Ownership

Freehold

Parking Spaces

4

Annual Tax

$2,985

Zoning

Multi-Family

Parcel Number

008-810-281

Data Source

Vancouver Island Real Estate Board

Interior Details

Bedrooms

2

Bathrooms

1

Living Area

906 square feet

Exterior & Lot

Lot Size

4702.0 sqft

Building & Utilities

Heating

Baseboard heaters, Electric

Cooling

None

$495,000

For immediate assistance, contact:

Joe Manhas

Personal Real Estate Corporation

604-720-0438
2Beds
1Baths
906sqft
Listing Courtesy of

Office

eXp Realty (NA)

Mortgage Calculator
$99,000

Loan Amount:

$396,000

Estimated Monthly Payment:

$1,930

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