455 Watfield Ave, Nanaimo, BC

$439,900

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0.12

Acres

About 455 Watfield Ave

Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 & R5), perfect for a versatile residential development. With its flat landscape & alley access, the lot is fully serviced with sewer & water connections right at the lot line. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just 3 blocks from Vancouver Island University & surrounded by parks, shops, & schools, this lot is ideally situated to meet the demands of future tenants & buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity.

Basic Information

Price $439,900
MLS® # 979586
Sub-Type Land
Baths 0.00
Lot Size 0.12 Acres

Location Information

Address 455 Watfield Ave
Postal Code V9T 2X3
Area Nanaimo
Sub Area University District
Jurisdiction City of Nanaimo
PID Number 007-105-801
Waterfront? No

Features & Amenities

Water Municipal, To Lot
Sewer Sewer Available, Sewer To Lot

Additional Information

Pet Policy Aquariums, Birds, Caged Mammals, Cats, Dogs
Rental Policy Unrestricted
Agricultural Land Reserve (ALR)? No

Listing Details

OfficeRE/MAX of Nanaimo

Listing Map