- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 981578
- Photos (2)
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Seize this rare opportunity to acquire over half an acre of prime multifamily-zoned property in the thriving city of Nanaimo. As Vancouver Island continues to attract significant migration, demand for quality housing has never been higher. This property is perfectly positioned to capitalize on the influx of residents seeking the island’s unmatched lifestyle.
Fully serviced and boasting zoning conducive to multifamily development, this lot offers a seamless path to building. With utilities already in place and straightforward city processes, it’s ready to bring your vision to life—whether townhomes, apartments, or a mixed-use project (subject to city approval).
Located in a strategic neighborhood close to amenities, schools, and transit, this site ensures future residents will enjoy both convenience and community. With the ease of building and high demand in Nanaimo’s hot rental market, this property is a smart investment for developers and investors alike.
Also under mls#981582
- Property Type:
- Residential
- Type:
- Land
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Listing General Location:
- Na Old City, Nanaimo
- Bedrooms:
- 0
- Bathrooms:
- 0.0 (Full:-/Half:-)
- Lot Size:
- 0.674 acre(s)
- Kitchens:
- 0
- Taxes:
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- Ceiling Heights:
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- Commercial Area:
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- # Bedrooms or Dens Total:
- 0
- # Main Level Bedrooms:
- 0
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 0
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 0
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Water supply:
- Municipal
- Sewer:
- Sewer To Lot
- Fireplace:
- No
- Pending Date:
- Signup
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Units in Building:
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- Units in Community:
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- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 0
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Vacant
- Lot Site Features:
- Recreation Nearby
- Carport Spaces:
- 0
- Garage Spaces:
- 0
- Garage:
- No
- Total Parking Spaces:
- 0
- Road Frontage Type:
- Street
- Total Units:
- Signup
- Date Listed:
- Dec 02, 2024
- Original Price:
- 725000.0
-
Photo 1 of 2 -
Photo 2 of 2
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated December 26, 2024 at 08:05 PM (UTC)
Area Statistics
- Listings on market:
- 51
- Avg list price:
- $599,000
- Min list price:
- $304,900
- Max list price:
- $1,499,000
- Avg days on market:
- 65
- Min days on market:
- 2
- Max days on market:
- 250
- Avg price per sq.ft.:
- $455.71
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.
- GRAEME MACPHAIL
- ROYAL LEPAGE NANAIMO 177059
- 1 (250) 6673441
- Contact by Email
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