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.
Data was last updated October 14, 2025 at 08:05 PM (UTC)
Area Statistics
Listings on market:
85
Avg list price:
$559,900
Min list price:
$199,999
Max list price:
$2,499,900
Avg days on market:
42
Min days on market:
4
Max days on market:
481
Avg price per sq.ft.:
$419.01
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. This data is not produced by the MLS® system.