470 Franklyn St

Na Old City Nanaimo V9R 2X7

Proposed 4 storey ocean and city view, 9 unit apartment style building with roof top deck/common area. Price includes an approved Development Permit with City of Nanaimo, architectural, engineering, & other relevant information. The 9 units are a mix of 6 one bedroom units (564sf) & 3 two bedroom units (699sf). Each level has 2 x 1 bedroom and 1 two bedroom. Roof is designed as a common area & will off excellent city, mountain and ocean views. Grade level parking with 6 stalls and relaxed parking requirements. The property is zoned DT2 which offers a wide range of options including mixed commercial/multi- family, ideally reflecting the form and character of the neighbourhood. Next to the Old City Quarter, cafes, bistros, and family owned restaurants are all within walking distance. Currently tenanted, it will be vacant for March 1. Market rent is $1400 /m. approximately. The home is 1180 sf on two levels with main level living. The home requires renovation/remodeling.