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Renanza Realty
For sale

374 Nicol St

Nanaimo, British Columbia

MLS® 1039143

$394,900

Status
Active
Property type
House
MLS® number
1039143
Bedrooms
2
Bathrooms
1
Year built

Listing description

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.

Property summary

MLS® number
1039143
Property type
Single Family
Building type
House
Square footage
735 sq ft
Title
Freehold
Land size
4719 square feet
Annual property taxes
$2,874.00
Parking
2 spaces
Days on market
85 days

Features & details

Heating
Forced air, Natural gas
Cooling
None

What would this home cost you?

Based on the $394,900 asking price at a 5.00% example rate, semi-annual compounding.

Estimated monthly payment$1,837 /mo

Unlock the Complete Cost Breakdown for this Home

Land transfer taxes, closing costs and buyer rebates for this exact price — plus an advisor to confirm what you qualify for.

Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.

Listing courtesy of Sutton Group-West Coast Realty (Nan), Nanaimo.

The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.

The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.