508 Wembley Rd

About this home

Rare opportunity to acquire a 0.57-acre commercially zoned property in a high-visibility location on Wembley Road. This unique property features two legal residential dwellings, offering exceptional flexibility for investors, owner-operators, or those seeking future redevelopment potential. Rare opportunity to acquire a 0.57-acre commercially zoned property in the desirable Wembley area of the Regional District of Nanaimo, just minutes from Parksville, Highway 19, shopping, beaches, and everyday amenities. This unique property is zoned CRS1 and site-specific CRS1.7, permitting a broad range of commercial uses together with residential use, secondary suites, and shopping centre use, providing exceptional flexibility for investors, owner-operators, and future opportunities. Currently improved with two legal residential dwellings, the property offers excellent holding value while generating residential use. Situated within the Wembley Neighbourhood Centre designation, this is a rare opportunity to own a large commercially zoned property in one of the area's established mixed-use commercial corridors. Commercial properties with two legal homes are seldom available. A unique opportunity with excellent income, business, and redevelopment potential. (id:66966)

Details

Type

Other

Size

2352 sq ft

Property tax

$2,575

Neighbourhood

Parksville

Municipality

Parksville

Interior

Fireplace

No

Building and exterior

Year built

1962

Building area

2,352 square feet

Location

Location is approximate. See nearby homes on the map