455 Watfield Ave

Land For Sale in Na University District, Nanaimo

$439,900
Prime Development Opportunity at 455 Watfield! Unlock the potential of Lot 12 at 455 Watfield—a prime 5,435 sqft property featuring dual zoning (R1 and R5), perfect for a versatile residential development. With its flat landscape and alley access, the lot is fully serviced with sewer and water connections right at the lot line, making it ready for immediate building. This property offers outstanding flexibility for various development options: add a suite, a carriage house, or expand to a triplex or fourplex to maximize rental income or resale value. Located just three blocks from Vancouver Island University and surrounded by parks, shops, and schools, this lot is ideally situated to meet the demands of future tenants and buyers. This prime location ensures a steady demand, catering to a diverse range of lifestyle needs while offering significant income-generating potential. Bonus: No GST—enabling investors to stretch their budgets further on this exceptional lot! Take advantage of this unique opportunity to invest in a property with ample potential for high returns.
Address 455 Watfield Ave
List Price $439,900
Property Type Residential
Type of Dwelling Land
Area Nanaimo
Sub-Area Na University District
Lot Size 5435 Sq. Ft.
Lot Size Acres 0.12 Ac.
MLS® Number 980941
Listing Brokerage Royal LePage Nanaimo Realty (NanIsHwyN)
Postal Code V9R 3P6
Tax Amount $2,745
Tax Year 2020

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Jan & Tom

Royal LePage Nanaimo Realty

4200 Island Highway North Nanaimo BC V9T1W6

Mobile: (250) 816-3899

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