Prime Development Opportunity in South Nanaimo Located within walking distance from downtown Nanaimo, this exceptional property presents a unique investment opportunity. Currently, the property includes a commercial space on the main floor and a 2-bedroom rental suite above, providing immediate rental income. What truly sets this property apart is the approved development permit for a Craftsman-inspired, 2.5-story ''missing middle'' housing project. Plans include four 1-bedroom and four 2-bedroom units, many featuring rooftop balcony access. This provides a fantastic opportunity for a developer to create a modern, high-demand multifamily property in a prime location. Don't miss this chance to invest in a property that offers both immediate returns and future development potential. All Measurements Approx. Verify if Important. (id:45055)
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Property Details
MLS® Number 996776 Property Type Single Family Neigbourhood Old City Features Level Lot ParkingSpaceTotal 10 ViewType City View -
Building
BathroomTotal 3 BedroomsTotal 3 Appliances Dryer, Refrigerator, Washer ConstructedDate 1955 CoolingType None HeatingType Baseboard Heaters SizeInterior 3,183 Sqft TotalFinishedArea 3183 Sqft Type House Open -
Land
AccessType Road Access Acreage No SizeIrregular 9405 SizeTotal 9405 Sqft SizeTotalText 9405 Sqft ZoningDescription R15 ZoningType Residential/commercial -
Rooms
Level Type Length Width Dimensions Second Level Bathroom 4-Piece Second Level Bedroom 10'3 x 9'1 Second Level Bedroom 11'6 x 10'7 Second Level Primary Bedroom 13 ft 13 ft x Measurements not available Second Level Kitchen 11'3 x 10'4 Second Level Living Room 25 ft 25 ft x Measurements not available Second Level Entrance 11'6 x 4'6 Main Level Storage 10'11 x 7'5 Main Level Den 7'10 x 7'5 Main Level Bathroom 2-Piece Main Level Bathroom 3-Piece Main Level Recreation Room 27'3 x 23'4 Main Level Entrance 14'3 x 14'4 Main Level Kitchen 9'8 x 7'3 Main Level Living Room 31'4 x 19'1 -
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January 06 2026 08:22:57
Vancouver Island Real Estate Board
