Prime Multifamily Development Opportunity! This large, R8-zoned corner lot is perfect for a four-plex build. Currently featuring a 3-bedroom, 2-bath character home (built in 1905) with a separate 1-bedroom suite. Strategically located near Departure Bay ferry terminal, bus routes, shopping, schools, parks, and major highways—this site offers unbeatable convenience. With two existing water connections, expanding the property is made easier. The mature fruit trees add natural charm, and a successful salon currently operates on the premises. Property is being sold as-is, presenting a unique opportunity for developers and investors. Act fast—this versatile investment won’t last long! All measurements are approximate, buyer to verify if deemed important. (28559197)
Property Type
Single Family
Neighbourhood Name
Central Nanaimo
Annual Property Taxes
$3,840.31 (CAD)
Time on REALTOR.ca
20 days
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