Property Description
Take advantage of the exceptional development opportunity in the heart of Central Nanaimo
The property has approved *development and building permits ready for pick up at the City of Nanaimo* for a 4 storey, 21 unit condominium featuring with main level parking. All architectural, engineering and design plans are completed, making this a truly turnkey, shovel ready project.
With strong demand for affordable condo's in Nanaimo, this is a rare and valuable investment opportunity.
This prime 11,791 sq ft COR1 - zoned lot is ideally located just minutes from Nanaimo Regional General Hospital, Vancouver Island University, transit, shopping and Beban Park
Property Details
MLS #:
1023050
ID #:
30414936
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na Central Nanaimo
Status:
Active
Lot Size:
0.27 acres
Property Tax:
$4,961 (2025)
Days on Market:
145 days
Listing provided by Royal Pacific Tri Cities Realty
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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