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$749,900

455 Watfield Ave, Nanaimo, BC, V9R 3P6

MLS® # 984111

Property Information:

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 Features:

  • Bedrooms: 0
  • Bathrooms: 0
  • Annual Tax Amount: $2,745
  • Lot Features: Central Location, Cleared, Easy Access, Level, No Through Road, Recreation Nearby, Rectangular Lot, Serviced, Shopping Nearby
  • Lot Frontage: 10824 Square Feet
  • Lot Size: 10824.00 Square Feet
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Resale
  • Property Sub Type: Land
  • Road Frontage Type: Lane
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: CS1, R1 & R5
  • Zoning Description: Residential/Commercial
  • Sewer: Sewer Available
  • No. of Parking Spaces: 5

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.

Location of 455 Watfield Ave, Nanaimo, BC, V9R 3P6

Demographic Information of 455 Watfield Ave, Nanaimo, BC, V9R 3P6

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$90,666.27

Average Number of Children

1.67

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.07 %

High school certificate or equivalent

38.02 %

Apprenticeship trade certificate/diploma

9.87 %

College/non-university certificate

14.28 %

University certificate (below bachelor)

0.99 %

University Degree

20.76 %

Commuter

Travel To Work

By Car

81.54 %

By Public Transit

9.0 %

By Walking

7.51 %

By Bicycle

0.0 %

By Other Methods

1.95 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

7.79 %

Houses

92.21 %

Own Vs. Rent