Nanaimo.The property has multiple allowable uses.It is over an acre and is already approved for medium density, townhomes, detached or duplexes. This sight is also approved for a care home sight which is very rare.No application for zoning or property re-classification required. The current property has a great house house and a detached one bedrm rental as well. 2441 ROSSTOWN RD

There is an existing home 4 yrs old of good quality 1550 sq ft up 3 br , garage covered deck not built as a spec home . Heat pump central heating. Two suites lower .2 br bright well laid out .Has gas fireplace and hot water , gas dryer , separate billing .Smaller bachelor suite with separate private entrance .self contained.. The property is very private approx 300 ft off main rd and surrounded by green space. The area is adjacent to park land, close to schools, recreation centers, easy access to the new park way highway.The location is outstanding and the property is very workable. The property also contains an additional detached 1 bedroom . This unit completely self contained and can easily be converted to a common area, meeting room, games room or a logistical office space.

There are a number of uses under the rm zoning. The property has also has strong potential to increase the density. The suites could be registered and stratified sold or leased independently for both long term and short. Additional allowable uses include ,carehome, elder facility, and congregate home care sight.

RM3 is the specified zoning for multi family.

There are great income and grant programs available. The opportunity to receive government funding is strong. The project and site use options along with the latent value are all in strong demand in this area. The options for both short term and long term investments exist. There are great advantages to this type of zoning package and approvals along with the government financing options.


There is potential income of -3600- 3900 per month.

FOUR SEPARATE UNITS
1-$1400-1500 for the 3 bedroom.
2-$ 900.00 for the legal 2 bedroom- current rate
3-$500-600 for the Bachelor- 500 current rat
4-$700-800 for the self contained unit -600 current rate
Annual potential income of 43200- 46800