Discover the limitless potential of 2 lots located at 455 Watfield Avenue. A special property spanning 10,824 sqft across a double lot in a prime location. Boasting a massive backyard with alley access, this property offers unparalleled flexibility and future development opportunities. Zoned CS1, R5, and R1, the possibilities are vast—build your dream home with a suite, a carriage house, or capitalize on the zoning to expand into a triplex or fourplex to max rental income or resale value. Situated just 3 blocks from Vancouver Island University and surrounded by parks, shops, and schools, this property’s location is ideal for attracting a wide range of tenants or buyers. Whether catering to students, families, or professionals, the demand in this neighborhood ensures strong income-generating potential.This property is a rare gem offering both immediate and long-term value. Don’t miss the opportunity to secure a highly versatile investment in one of the most sought-after areas. NO GST*
Property Type:
Residential
Type:
Land
Listing General Location:
Na University District, Nanaimo
Bedrooms:
0
Bathrooms:
0.0
(Full:-/Half:-)
Lot Size:
10,824 sq. ft.1,006 m2
Kitchens:
0
Taxes:
$2,745.12 /
2020
New Construction:
No
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Water supply:
Municipal
Sewer:
Sewer Available, Sewer Connected
Additional Accommodations:
None
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Financing Notes:
3.5%100K&1.5%B if physically introduced otherwise 1.75%100K&0.75%B
Assessed:
575000.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 11, BLOCK 1, SECTION 1, NANAIMNO DISTRICT, PLAN 1690
&
LOT 12, BLOCK 1, SECTION 1 NANAIMO DISTRICT, PLAN 1690
Zoning:
CS1, R1 & R5
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Occupancy:
Vacant
Property Condition:
Resale
Exposure / Faces:
East
Layout:
Other
Lot Site Features:
Central Location, Cleared, Easy Access, Level, No Through Road, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby
Data was last updated February 20, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
34
Avg list price:
$779,900
Min list price:
$239,900
Max list price:
$1,200,000
Avg days on market:
30
Min days on market:
2
Max days on market:
279
Avg price per sq.ft.:
$395.56
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations.