Multi-Family/Commercial development site located in Central Nanaimo on Vancouver Island zoned COR3 Commercial. This site is located in an area that has undergone unprecedented development in the last 10 years such as new multi family buildings, office buildings, & the newly built Greenrock service commercial/industrial node which includes various businesses that will service the needs of the local community all within walking distance. This site is near the hospital, 5 min drive to downtown & VIU. The property is over 33000 sq ft (.76 acres), is situated on a corner lot with 2 road frontages & level building site. COR3 zoning allows 60% lot coverage with a 0.75 Floor Area Ratio (FAR) with Tier 1 and Tier 2 incentives to permit additional density (buyers to do their own due diligence). The property currently has a small home on the site which could be rented while you design and plan your project. This site offers plenty of sun and once built the units will enjoy views of Mt. Benson.
Data was last updated May 30, 2023 at 12:05 AM (UTC)
Area Statistics
Listings on market:
73
Avg list price:
$629,900
Min list price:
$249,900
Max list price:
$2,800,000
Avg days on market:
39
Min days on market:
4
Max days on market:
333
Avg price per sq.ft.:
$427.96
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.