674 Farquhar St, Nanaimo
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)
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
Bedrooms
2
Bathrooms
1
Living Area
906 square feet
Lot Size
4702.0 sqft
Heating
Baseboard heaters, Electric
Cooling
None
$495,000
Office
eXp Realty (NA)
Loan Amount:
$396,000
Estimated Monthly Payment:
$1,930
This is an estimate for informational purposes only. Consult with a financial advisor.
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