Development project opportunity!!! . 4 Unit (2 stories/ 2000 sq feet each) upscale townhouse project with underground parking. Preliminary architectural drawings, all engineering, and zoning resolution has already been prepared. Existing concrete structure worth $1m+. Apply for permit and go! (when approved of course). Estimated resale of each townhouse is $800,000- $990,000 each as of Feb 2024. Direct ocean views. Walking/ cycling distance to downtown Nanaimo and new Vancouver passenger ferry service. Easy access by car to BC Ferries, the Trans-Canada Hwy, and the airport. Please DO NOT attempt to view property without listing Realtor. Please request & download info package and engineer reports prior to making an appointment to view. The Seller may look at ''builder's terms' for a reputable buyer-builder. Info Package: https://rem.ax/3UZStod (28236616)
Property Type
Multi-family
Building Type
Multi-Family
Neighbourhood Name
South Nanaimo
Annual Property Taxes
$2,526 (CAD)
Time on REALTOR.ca
105 days
Get a taste for the neighbourhood where this listing is located.
The following neighbourhood demographic information is provided by a third-party supplier based on census data from Statistics Canada.
No demographic information is available for this specific location.
Demographics data is temporarily unavailable
This calculator is for demonstration purposes only. The Canadian Real Estate Association does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.