Affordable Opportunity with Redevelopment Potential – COR1 Zoning. This two-bedroom, one-bath home on Nicol Street offers a unique opportunity for the right buyer. The property is well-suited for future redevelopment or land assembly, making it a solid holding investment. The home itself could benefit from some TLC and presents a great chance for a first-time buyer or handy investor to build sweat equity. Access is by easement via the neighboring lot from the alley. The property includes two outbuildings — one approximately 8x12, and another that’s in rougher condition but may be salvageable. This is a great fit for someone with vision who isn’t afraid of a of work. Priced accordingly to reflect the current condition and future potential.
Address
374 Nicol St
List Price
$407,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na South Nanaimo
Bedrooms
2
Bathrooms
1
Floor Area
735 Sq. Ft.
Lot Size
4719 Sq. Ft.
Lot Size (Acres)
0.11 Ac.
MLS® Number
1003724
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Basement Area
Not Full Height
Postal Code
V9R 4T4
Tax Amount
$2,688.00
Tax Year
2024
Features
Forced Air, Mixed, Natural Gas
Amenities
Workshop