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Royal LePage
Royal LePage
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$499,000

Nanaimo BC, V9R 2E5

MLS® # 1005001

Property Information:

Don’t miss this cute single-family home with incredible development potential! Perfect for first-time home buyers or savvy investors, this delightful property has undergone extensive renovations, including new flooring, fresh paint, and updated bathrooms. The R14 zoning unlocks endless possibilities for multi-family development, even offering stunning ocean views! Imagine six townhomes with a garden terrace or stacked townhomes featuring balconies overlooking the sea. With street and alley access, the options are limitless. Don’t miss this unique opportunity! Schedule your private tour today! All measurements are approx.

Property Features:

  • Annual Tax Amount: $2,836
  • Floor Space (approx): 4696 Square Feet
  • Lot Frontage: 4792 Square Feet
  • Lot Size: 4792.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family

Courtesy of: REMAX Professionals

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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⚠ Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

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Location of 674 Farquhar St, Nanaimo, BC, V9R 2E5

Demographic Information of 674 Farquhar St, Nanaimo, BC, V9R 2E5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,901.40

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.47 %

High school certificate or equivalent

33.45 %

Apprenticeship trade certificate/diploma

9.32 %

College/non-university certificate

18.58 %

University certificate (below bachelor)

0.95 %

University Degree

15.23 %

Commuter

Travel To Work

By Car

75.69 %

By Public Transit

8.89 %

By Walking

8.84 %

By Bicycle

0.03 %

By Other Methods

6.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.9 %

Houses

75.1 %

Own Vs. Rent

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