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Royal LePage
Royal LePage
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$1,100,000

1641 Bowen Rd, Nanaimo, BC, V9S 1C7

QuickQuoteTM: Not Available
MLS® # 992939

2 Beds

1 Bath

776 FEETSQ sqft

Property Information:

Prime Multi-Family Development Opportunity in Nanaimo! This 18,441 sq. ft. COR1-zoned parcel comes with a Development Permit in place for a 22-unit, four-storey multi-family residential building, making it a rare turnkey investment opportunity. Ideally situated just minutes from downtown Nanaimo, the site offers excellent walkability to Bowen Road amenities, as well as easy access to the Nanaimo Parkway and North Nanaimo. The approved development features a well-balanced unit mix, including 1 Live/Work unit, 3 studios, 9 one-bedrooms, 4 one-bedroom + den units, 3 two-bedroom + den units, and 3 accessible two-bedroom units, catering to a diverse range of residents. This project is for investors who are looking to capitalize on the area’s strong rental demand and growth. Full plans and designs are available upon request for qualified buyers. Don’t miss out on this exceptional investment—contact us today for more details! Measurements and data approximate; verify if important.

Property Features:

  • Bedrooms: 2
  • Bathrooms: 1
  • Annual Tax Amount: $6,050
  • Basement: Crawl Space
  • Built in: 1938
  • Construction Materials: Frame Wood, Insulation: Ceiling, Stucco
  • Cooling: None
  • Exterior Features: Garden
  • Floor Space (approx): 776 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Baseboard, Electric, Oil
  • Laundry Features: In House
  • Lot Features: Central Location, Easy Access, Recreation Nearby, Shopping Nearby, Southern Exposure
  • Lot Frontage: 18441 Square Feet
  • Lot Size: 18441.00 Square Feet
  • Ownership: Freehold
  • Parking Features: Driveway, Garage, RV Access/Parking
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type:
  • Road Surface Type: Paved
  • Roof: Asphalt Shingle
  • Water Source: Municipal
  • Zoning: COR1
  • Zoning Description: Other
  • Sewer: Sewer To Lot
  • No. of Parking Spaces: 4

Rooms:

  • Other Main Level 2.74 m x 2.69 m
  • Bedroom Main Level 2.74 m x 2.54 m
  • Bathroom Main Level
  • Kitchen Main Level 4.19 m x 3.58 m
  • Living Main Level 4.19 m x 3.84 m
  • Laundry Main Level 2.74 m x 2.03 m

Convert Measurement to:


Courtesy of: eXp Realty (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

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Location of 1641 Bowen Rd, Nanaimo, BC, V9S 1C7

Demographic Information of 1641 Bowen Rd, Nanaimo, BC, V9S 1C7

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$87,855.46

Average Number of Children

1.60

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.13 %

High school certificate or equivalent

36.07 %

Apprenticeship trade certificate/diploma

6.28 %

College/non-university certificate

21.47 %

University certificate (below bachelor)

0.74 %

University Degree

20.31 %

Commuter

Travel To Work

By Car

85.72 %

By Public Transit

4.42 %

By Walking

6.97 %

By Bicycle

0.0 %

By Other Methods

2.89 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

47.29 %

Houses

52.71 %

Own Vs. Rent

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