OLD CITY - DOWNTOWN LISTINGS
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 981582
- Photos (2)
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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.
Also under MLS981578
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
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- Listing General Location:
- Na Old City, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 0.674 acre(s)
- Taxes:
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- Building Features:
- Shopping Nearby, Transit Nearby
- Ceiling Heights:
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- Commercial Area:
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- Water supply:
- Municipal
- Sewer:
- Sewer To Lot
- Fireplace:
- No
- Pending Date:
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- Other
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Lot Site Features:
- Cleared, Level
- Parking Features:
- On Site
- Total Parking Spaces:
- 0
- Total Units:
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- Date Listed:
- Dec 02, 2024
- Original Price:
- 725000.0
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Photo 1 of 2 -
Photo 2 of 2
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated May 9, 2025 at 12:05 PM (UTC)
Area Statistics
- Listings on market:
- 32
- Avg list price:
- $845,000
- Min list price:
- $59,500
- Max list price:
- $3,750,000
- Avg days on market:
- 61
- Min days on market:
- 1
- Max days on market:
- 380
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.
- DEANA BAUMEL PREC
- RE/MAX OF NANAIMO
- 250-619-1220
- Deana@NanaimoPropertyGroup.ca
- MICHAEL PETERSON PREC
- RE/MAX OF NANAIMO
- 250-756-7653
- Michael@NanaimoPropertyGroup.ca