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$725,000
Est. payment /mo
0.67 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Old City
MLS® Listing ID 981578
Originating Board Vancouver Island Real Estate Board
Lot Size 0.670 Acres
Acres 29185.2
Property Description
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. Act now—opportunities like this don’t last! Also under mls#981582 (id:24570)
Location
Province BC
Zoning Other
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
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Listed by Sutton Group-West Coast Realty (Nan)
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Kevin Scharfenberg
Personal Real Estate Corporation | License ID: 180491
Personal Real Estate Corporation License ID: 180491