$1,099,000 - 305 9th Street, Nanaimo

Great for development property offering sunny and level location neighbouring the new Southwood Drive and Applewood Crescent Developments in convenient South Nanaimo. New proposed zoning changes could allow for increased density with potential for 10+ lot subdivision, including a tentatively approved plan by the City of Nanaimo and possibility of a joint venture development project. Many potential options available for this prime piece of development land. As a bonus, there is a house on the property in great condition and is currently occupied with an authorized suite that could generate great monthly income while you get your plans approved. This property is close to it all; Vancouver Island University, nearby parks, shopping and bus routes, and all levels of schooling. (All measurements approximate and must be verified if important.) , Data (c) iWebRealEstate.com