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470 Franklyn St Nanaimo, British Columbia V9R 2X7

None Forced Air

$499,900

Proposed 4 storey ocean and city view, 9 unit apartment style building with roof top deck/common area. Price includes an approved Development Permit with City of Nanaimo, architectural, engineering, & other relevant information. The 9 units are a mix of 6 one bedroom units (564sf) & 3 two bedroom units (699sf). Each level has 2 x 1 bedroom and 1 two bedroom. Roof is designed as a common area & will off excellent city, mountain and ocean views. Grade level parking with 6 stalls and relaxed parking requirements. The property is zoned DT2 which offers a wide range of options including mixed commercial/multi- family, ideally reflecting the form and character of the neighbourhood. Next to the Old City Quarter, cafes, bistros, and family owned restaurants are all within walking distance. Currently tenanted, it will be vacant for March 1. Market rent is $1400 /m. approximately. The home is 1180 sf on two levels with main level living. The home requires renovation/remodeling. (id:34885)

Property Details

MLS® Number 864362
Property Type Other
Neigbourhood Old City
Features Central Location, Curb & Gutter, Level Lot, Other
Parking Space Total 4
View Type City View, Ocean View

Building

Constructed Date 1905
Cooling Type None
Fireplace Present No
Heating Fuel Oil
Heating Type Forced Air
Type Commercial Mix

Land

Acreage No
Size Irregular 4508
Size Total 4508 Sqft
Size Total Text 4508 Sqft
Zoning Type Unknown

https://www.realtor.ca/real-estate/22780285/470-franklyn-st-nanaimo-old-city

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