Exceptional investment opportunity near the heart of Cedar. Situated on a private and peaceful 1-acre parcel at 2062 Waring Road, this property is offered at attractive price below BC Assessment value. Located on a no-through road, the setting is quiet, rural, while still offering convenient access to nearby amenities. The property features two separate building structures. The primary residence is livable and includes an unauthorized suite, offering additional income rental potential. The second home has not been occupied for some time and presents a significant opportunity for rebuild or redevelopment, allowing investors or buyers to add substantial value to the property. With its generous lot size, multiple structures, and strong upside potential, this property is well-suited for investors, renovators, or buyers looking for a long-term value-add opportunity in a desirable Cedar location. All measurements are approximate and should be verified. (id:44393)
| MLS® Number | 1022821 |
| Property Type | Single Family |
| Neigbourhood | Cedar |
| Features | Level Lot, Private Setting, Wooded Area, Other |
| Parking Space Total | 5 |
| Bathroom Total | 2 |
| Bedrooms Total | 4 |
| Constructed Date | 1970 |
| Cooling Type | None |
| Heating Fuel | Oil |
| Heating Type | Forced Air |
| Size Interior | 1,920 Ft2 |
| Total Finished Area | 1920 Sqft |
| Type | House |
| Open |
| Access Type | Road Access |
| Acreage | Yes |
| Size Irregular | 1 |
| Size Total | 1 Ac |
| Size Total Text | 1 Ac |
| Zoning Description | Rsi |
| Zoning Type | Unknown |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Lower Level | Storage | 24 ft | 15 ft | 24 ft x 15 ft |
| Lower Level | Living Room | 11 ft | Measurements not available x 11 ft | |
| Lower Level | Kitchen | 11 ft | Measurements not available x 11 ft | |
| Lower Level | Bedroom | 11'6 x 9'6 | ||
| Lower Level | Bathroom | 4-Piece | ||
| Main Level | Primary Bedroom | 10 ft | Measurements not available x 10 ft | |
| Main Level | Living Room | 12 ft | Measurements not available x 12 ft | |
| Main Level | Kitchen | 11 ft | 11 ft x Measurements not available | |
| Main Level | Dining Room | 10'6 x 7'6 | ||
| Main Level | Bedroom | 8 ft | Measurements not available x 8 ft | |
| Main Level | Bedroom | 11'6 x 9'6 | ||
| Main Level | Bathroom | 4-Piece |
https://www.realtor.ca/real-estate/29235365/2062-waring-rd-nanaimo-cedar
Contact us for more information
Alex Galunenko
Personal Real Estate Corporation
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
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