Property Description

Development Site - Multifamily building site in the heart of Nanaimo. This R8 zoned allows for medium density residential. More than 20 units possible with highest and best use. Current Lot ready with DP for 13 units: 12 two bedrooms and one large penthouse unit. Development permit #130400 is in place. Design, architectural, civil, structural, mechanical, electrical, & landscaping plans all included! Seller open to creative financing options. Short distance to Waterfront, Bowen Park, schools, bus routes, & downtown Nanaimo. It is only 3 minutes by car to Nanaimo Hospital, 6 minutes to Vancouver Island University and BC Ferries, & close to many shopping centers in surrounding neighborhoods. There is also a 3 bedroom rental rancher on site now- Building "As is Where is" Fully fenced. Separate garage with lane access. Ideal Townsite location. All measurements approximate & should be verified if fundamental to purchase.