Developers Alert! A rare find in North Nanaimo 0.87/AC, 4bds/2bths renovated home with a large detached work shop with power and a separate in-law suite ready for renovation. Level property w/gentle slope and residential zoned perfect for redevelopment to townhomes or 4/6/8/plex with rezoning; great upside potential! Buyer
to do own due diligence with City of Nanaimo. The home is well maintained and was fully renovated with new installed high efficiency Rheem brand gas furnace, matching hot water tank, new bathrooms, quality vinyl flooring, freshly painted, new pressure treated back stairs and large sunny side deck. Kitchen plumbing roughed in downstairs for future in law suite and a nice mud room with Ikea counter. Dual gas meters to both home and shop. Renovate the shop & old suite with the RV parking and sani-dump makes for a solid cash flow income holding. Mature fir trees and walnut and cherry as well. Located just a short stroll to beautiful warm waters of Brannen Lake Park and the handy boat launch with dock, shopping centers malls close by, restaurants & other amenities. If you are looking for a large estate style piece of land with options for the future don't miss this one! All data and measurements must be verified if important. Live in or rent out while you get your permits for a multifamily project. Great family home close to good schools and one a bus route. Vacant for quick possession. Call your realtor to set up showing.
Address
5508 Godfrey Rd SE
List Price
$998,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na Pleasant Valley
Bedrooms
4
Bathrooms
2
Floor Area
1,950 Sq. Ft.
Lot Size
37897.2 Sq. Ft.
Lot Size (Acres)
0.87 Ac.
MLS® Number
996162
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Basement Area
Finished, Full, Walk-Out Access, With Windows
Postal Code
V9T 2J3
Tax Amount
$3,700.00
Tax Year
2024
Features
Dining Room, Eating Area, F/S/W/D, Forced Air, Insulated Windows, Mixed, Natural Gas, Other Improvements, Storage, Vinyl Frames, Workshop
Amenities
Balcony/Deck, Balcony/Patio, Central Location, Cleared, Easy Access, Family-Oriented Neighbourhood, Fenced, Level, Low Maintenance Yard, Near Golf Course, Primary Bedroom on Main, Private, Quiet Area, Recreation Nearby, Rectangular Lot, See Remarks, Serviced, Shopping Nearby, Southern Exposure, Storage Shed, Wooded, Workshop