Property Description

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

Property Details

  • Property ID:30401334
  • Price:$650,000
  • Property Type:Residential
  • Bedrooms:4
  • Bathrooms:2
  • Lot Size:43560.00 sq ft
  • Living Area:1920.00 sq ft
  • Year Built:1970
  • Parking:5 spaces
  • Status:Active
  • City:Nanaimo
  • State/Province:BC
  • Postal Code:V9X 1W1
  • Listing Agent:Alex Galunenko
  • Office:Sutton Group-West Coast Realty (Nan)

Condition

  • 3 Bedrooms
  • 2 Bathroom
  • 1 Garage
  • 1 Balcony
  • 4800 sq ft
  • TV

Features

  • Air conditioning
  • Wifi
  • Swimming Pool
  • Double Bed
  • Balcony
  • Telephone
  • Garage
  • Parking
  • TV
  • Home Theater
  • Alarm
  • Garage
  • Gym
  • Electric Range
  • Private space

Floor Plans

Size Rooms Bathrooms
1600 3 2
floor-plans

Property Vedio

Property Location