1303 Junction Ave | $2,500,000
Ron Williams Agent Photo
Ron
Williams
P. (250) 245-2252
Phone Ron
ROYAL LEPAGE NANAIMO REALTY LD
410a 1st Ave., Po Box 1300
Ladysmith, BC
Canada V9G 1A9

Details

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Years (35 year max)
Years



Address 1303 Junction Ave
AreaNanaimo
Sub AreaChase River
State/ProvinceBritish Columbia
CountryCanada
Price$2,500,000
Property TypeSingle Family
Bedrooms3
Bathrooms2
Floor Space2337 Square Feet
Lot Size61855.20 Square Feet
WaterfrontNo
Year Built1960
Taxes $4,774
Tax Year2023
MLS® #966085

Prime Development Opportunity! This 1.42-acre site is fairly level and offers 328 feet of frontage and is an ideal rezone to Medium to High-density Residential development, Commercial Center or mixed use Residential and Commercial development. Strategically located in Chase River, south of Nanaimo, the property is in close proximity to Southgate Shopping Centre and other amenities, providing convenience for future residents. The property is connected to city services and includes a fully remodeled 2,337 sq. ft. residence with 3 bedrooms and 2 bathrooms, offering immediate rental income potential or a temporary residence during development. The property is also equipped with an 822 sq ft detached shop and a large level fenced yard, adding to the property's versatility. Easy access to the Island Highway and downtown makes this location highly desirable for commuters and enhances the attractiveness for future development. Rezoning maximizes the land's value and development potential, making it an excellent investment for developers as land like this is very rare in Nanaimo. With the existing home providing immediate revenue and the land's development potential, this property represents a strong investment opportunity. Information package available by request.


Listed by RE/MAX OF NANAIMO


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About

Ron Williams & Greg Buchanan have lived in and been involved in the Nanaimo-Ladysmith communities for over 90 years and have been licensed REALTORS® for over 52 years combined. We believe that buying or selling a home is one of life’s biggest adventures and we are passionate about using our skills to make that experience satisfying and rewarding for you. As REALTORS, we strive to build our careers on honesty and integrity. We are committed to working hard to ensure our clients’ best interests are always served. As long-term local residents, we have gained valuable knowledge that will be a benefit to our clients. We have helped clients buy and sell hundreds of properties and will put this expertise to work for you. We understand that no two clients are the same and we are committed to listening to your needs and tailoring our approach to meet them. To ensure that you understand every step of the process, we will effectively communicate with you which eliminates stress and confusion. As your REALTOR, we will be a valuable resource in connecting you to building inspectors, mortgage brokers, lawyers and notaries, contractors, and other professionals. Thank you for allowing us to present ourselves to you. We are excited about the opportunity to serve you in your real estate needs. You can contact us anytime through the office. We are at your service. We promise to work extremely hard for you in buying or selling property. We have hundreds of satisfied repeat customers, both buyers and sellers. We look forward to the opportunity for working for you.