Seize the opportunity with this expansive quarter-acre of flat R5 zoned land located in the heart of Nanaimo! This prime piece of real estate is ready for your vision, with the city's support for higher density developments. Imagine the possibilities: townhomes, a mixed-use complex with commercial spaces on the ground floor, and stylish condos above (with city approval).
This property isn't just an investment; it comes with a charming 4-bedroom home, perfect for immediate rental income or as a primary residence while planning your project. The seller is even open to a rent-back arrangement, providing you with flexible options. With new legislation on the horizon, you have the chance to retain the existing home and add a secondary dwelling, maximizing the potential of this lot. This is a golden opportunity you won't want to miss! Don't wait! This property offers endless possibilities for developers and investors alike.
All measurements are approx..
Data was last updated March 28, 2025 at 10:05 PM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$744,900
Min list price:
$46,900
Max list price:
$5,200,000
Avg days on market:
104
Min days on market:
16
Max days on market:
282
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations.