This 1.89 acre (82510sf) parcel has R10 zoning which permits residential uses such as multifamily development and single family lots. Its current use is ideally an estate-type build with two residences to minimize access requirements. As a development property, this holds longer term value as a holding property until other development on surrounding properties is planned and economies of scale for access are realized. The City of Nanaimo under the Official Community Plan has designated this as Neighbourhood Corridor which supports multifamily. All zoning needs to be confirmed re: under BC Government Bill 44 and the City of Nanaimo's recent zoning changes. Services to the property line include both water and sewer; Fortis is approx. 100ft from property. The location is walking distance to both elementary and secondary schools, bus routes, and proximate to shopping, and most other Departure Bay and Upland amenities. All measurements are approximate and should be verified if important.
Data was last updated April 1, 2025 at 02:05 AM (UTC)
Area Statistics
Listings on market:
60
Avg list price:
$599,450
Min list price:
$229,900
Max list price:
$1,285,000
Avg days on market:
27
Min days on market:
2
Max days on market:
200
Avg price per sq.ft.:
$439.23
These statistics are generated based on the current listing's property type
and located in
Na Uplands. Average values are
derived using median calculations.