Listing Details for 4701 Ledgerwood Rd, Nanaimo - MLS® #895515

Property Description

Centrally located property at 4701 Ledgerwood Road will be your prime choice, either for a residence, or development, or investment, or holding for future. The location is in an extremely convenient area, close to schools, shopping centers, restaurants, trails and parks, and easy access to highway. The 4-bedroom house offers 2500 square feet and self-contained one bedroom suite. The whole house has been remodelled and renovated from studs, just like a new home inside and out kitchens, gas furnace plus A/C and hot water on demand, bathrooms, granite counter tops, flooring, all the walls, exterior sidings all are brand new. The large corner lot with 18730 square feet (0.43 acre) has potential to subdivide into three extra R2 lots by keeping the existing house and through rezoning and subdivision. Furthermore, neighboring property has been rezoned into R8 Medium Density Residential and the new apartment building is rising up, and other properties in the neighborhood have been rezoned into R4 Duplex Residential. It is a very good ROI property under current rental market just imagine you could have $4000 or even $4200 rent monthly, which will pay off your mortgage, insurance and property tax. Any portfolio is desirably attractive for todays market and now it is your turn to take advantage of this rare opportunity. All the data and information are believed to be true and accurate but to be verified if deemed important. (id:8145)