880 Hecate St Nanaimo, British Columbia V9R 4K6
$614,000
Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story ''missing middle'' housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important. (id:63476)
Property Details
| MLS® Number | 996780 |
| Property Type | Other |
| Neigbourhood | Old City |
Building
| Heating Fuel | Electric |
| Size Exterior | 3183 Sqft |
| Type | Commercial Mix |
Land
| Acreage | No |
| Size Irregular | 9405 |
| Size Total | 9405 Sqft |
| Size Total Text | 9405 Sqft |
| Zoning Description | R15 |
| Zoning Type | Unknown |
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October 27 2025 06:24:45
Vancouver Island Real Estate Board
RE/MAX Professionals (Na)