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:4069)
Address
2062 Waring Rd
List Price
$650,000
Property Type
Single Family
Type of Dwelling
House
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
4
Bathrooms
2
Floor Area
1,920 Sq. Ft.
Lot Size
1 Sq. Ft.
Year Built
1970
MLS® Number
1022821
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Postal Code
V9X1W1
Zoning
RSI
Features
Level lot, Private setting, Wooded area, Other
