Opportunity knocks! Just steps from Vancouver Island University, this COR1-zoned property offers huge potential for redevelopment. The Planning Department of the City of Nanaimo has indicated that a single-family home with a suite and a carriage house would be permitted on this lot. The flat lot also supports uses like daycare or office space. While the current home may need significant work, the location and land value make this a standout investment. Priced well below assessed value—don’t miss this chance to capitalize on a prime, centrally located lot. Bring your ideas, your clients, and your offers! Data is approximate; verify if integral.
Data was last updated May 10, 2025 at 12:05 AM (UTC)
Area Statistics
Listings on market:
54
Avg list price:
$740,000
Min list price:
$249,900
Max list price:
$1,349,000
Avg days on market:
36
Min days on market:
1
Max days on market:
149
Avg price per sq.ft.:
$396.76
These statistics are generated based on the current listing's property type
and located in
Na University District. Average values are
derived using median calculations.