One Percent Realty Ltd.
SOUTH NANAIMO
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 1036107
- Photos (11)
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For sale: 427, 449 & 455 Nicol Street, Nanaimo, B.C. (the "Subject Site") — a compelling opportunity to acquire a Development Permit-ready multifamily site in one of Nanaimo's most rapidly transforming neighbourhoods.
The Subject Site comprises three contiguous lots totaling 17,692 SF (0.41 acres) with 160+ feet of frontage on Nicol Street. Zoned COR3 Community Corridor, the plans designed by Stantec Architecture for a 4-storey, 35-unit purpose-built rental building. The unit mix comprises 8 micro-studios, 15 one-bedroom units, and 12 two-bedroom units. The Subject Site is a five-minute drive to downtown Nanaimo, Port Place Mall, and the Harbourfront Walkway, and ten minutes to Vancouver Island University and BC Ferries terminals.
- Property Type:
- Commercial Sale
- Type:
- Unimproved Land
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Na South Nanaimo, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 17,424 sq. ft.
- Taxes:
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- Pending Date:
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- Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Jurisdiction name:
- City of Nanaimo
- Legal Description:
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- Total Units:
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- Date Listed:
- May 04, 2026
- Original Price:
- 1250000.0
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Listed by Sotheby's International Realty Canada (Vic2)
Data was last updated May 8, 2026 at 08:05 AM (UTC)
Area Statistics
- Listings on market:
- 13
- Avg list price:
- $759,900
- Min list price:
- $110,000
- Max list price:
- $7,250,000
- Avg days on market:
- 144
- Min days on market:
- 4
- Max days on market:
- 379
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
- KARELYN CAMPBELL
- 921 CANADA AVE, DUNCAN, BC V9L 1V2
- 1 (250) 618-8213
- Contact by Email
Location
202 - 505 Hamilton St.
Vancouver, BC, V6B 2R1