Prime Multi-Family Development Opportunity in Nanaimo! This 18,441 sq. ft. COR1-zoned parcel comes with a Development Permit in place for a 22-unit, four-storey multi-family residential building, making it a rare turnkey investment opportunity. Ideally situated just minutes from downtown Nanaimo, the site offers excellent walkability to Bowen Road amenities, as well as easy access to the Nanaimo Parkway and North Nanaimo. The approved development features a well-balanced unit mix, including 1 Live/Work unit, 3 studios, 9 one-bedrooms, 4 one-bedroom + den units, 3 two-bedroom + den units, and 3 accessible two-bedroom units, catering to a diverse range of residents. This project is for investors who are looking to capitalize on the area’s strong rental demand and growth. Full plans and designs are available upon request for qualified buyers. Don’t miss out on this exceptional investment—contact us today for more details. (Measurements and data approximate; verify if important.) (id:57571)
| MLS® Number | 992939 |
| Property Type | Single Family |
| Neigbourhood | Central Nanaimo |
| Features | Central Location, Southern Exposure, Other |
| Parking Space Total | 4 |
| Bathroom Total | 1 |
| Bedrooms Total | 2 |
| Constructed Date | 1938 |
| Cooling Type | None |
| Heating Fuel | Oil, Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 800 Sqft |
| Total Finished Area | 776 Sqft |
| Type | House |
| Access Type | Road Access |
| Acreage | No |
| Size Irregular | 18441 |
| Size Total | 18441 Sqft |
| Size Total Text | 18441 Sqft |
| Zoning Description | Cor1 |
| Zoning Type | Other |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 13'9 x 12'7 | ||
| Main Level | Laundry Room | 9 ft | 9 ft x Measurements not available | |
| Main Level | Kitchen | 13'9 x 11'9 | ||
| Main Level | Primary Bedroom | 9 ft | 9 ft x Measurements not available | |
| Main Level | Bedroom | 9 ft | 9 ft x Measurements not available | |
| Main Level | Bathroom | 4-Piece |
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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