$399,000
  
  
  
  Approved Development Opportunity – South Nanaimo 10 Townhouse like condos + 2 Commercial Units. Located in vibrant South Nanaimo, 450 & 460 Irwin Street offer a rare and ready-to-go development opportunity. Centrally positioned within walking distance to the scenic seawall and convenient shopping, this property combines an excellent location with an already-approved vision for the future. The project has a Development Permit approved by the City of Nanaimo for two multi-family buildings, each thoughtfully designed with five residential units + one CRU. Building A and Building B are mirror images, and the layout includes Unit 1: 1,000 sf + balcony (2 bedrooms), Unit 2: 758 sf + balcony (1 bedroom), Unit 3: 485 sf (1 bedroom), Unit 4: 660 sf + balcony, Unit 5: 660 sq ft + balcony + commercial space. The innovative design ensures appropriate parking for residents and supports much-needed ''missing middle'' housing — a critical type of housing that bridges the gap between single-family homes and larger apartment complexes. This is a prime opportunity to step into a project that aligns with Nanaimo’s growing demand for diverse, attainable housing. (id:57571)
  
Property Details
	
		
			| 
									MLS® Number
							 | 
			
				996514			 | 
		
                    
                | 
                    Property Type
                 | 
                
                    Vacant Land                 | 
            
        
                    
                | 
                    Neigbourhood
                 | 
                
                    South Nanaimo                 | 
            
        
        		
					
								
					| 
						 Features
					 | 
					
						Central Location, Level Lot, Southern Exposure, Corner Site, See Remarks, Partially Cleared, Other, Rectangular, Marine Oriented					 | 
				
								
							
								
					| 
						 View Type
					 | 
					
						Mountain View, Ocean View					 | 
				
								
	
Building
	Land
	
		
							
										
						| 
							 Acreage
						 | 
						
							No						 | 
					
											
										
						| 
							 Size Irregular
						 | 
						
							6204						 | 
					
											
										
						| 
							 Size Total
						 | 
						
							6204 Sqft						 | 
					
											
										
						| 
							 Size Total Text
						 | 
						
							6204 Sqft						 | 
					
											
										
						| 
							 Zoning Description
						 | 
						
							Cc2						 | 
					
											
										
						| 
							 Zoning Type
						 | 
						
							Unknown						 |