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. Featuring mature fruit trees and an established salon business currently operating on the property, both the salon and lower suite are owner-occupied but can be rented out by the new owner. Whether you’re looking to develop, invest, or both, this versatile property offers endless possibilities. Sold as-is, this property is ideal for developers or investors ready to maximize its potential. All measurements are approximate; buyers to verify if important. (28808719)
Property Type
Single Family
Neighbourhood Name
Central Nanaimo
Annual Property Taxes
$3,840.31 (CAD)
Time on REALTOR.ca
80 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. REALTOR.ca Canada Inc. does not guarantee that all calculations are accurate. Always consult a professional financial advisor before making personal financial decisions.