DEVELOPMENT PERMIT APPROVED! Site in Nanaimo's Old City Quarters for 24 Units. Offering immense potential for developers/investors. This sought-after location has received Development Permit approval in February 2023, putting it ready for the Building Permit stage. This saves time & resources, allowing construction to begin now. The property enjoys a central location, providing convenient access to local amenities, shops, restaurants, & the new fast passenger ferry from Downtown Nanaimo - Downtown Vancouver in 70 minutes! With a mix of 1 bed, 1 bed+den, and 2-bed suites, this building caters to a range of housing needs. This development represents excellent value in 1 of the 5 fastest-growing cities in Canada, which is currently experiencing a major housing shortage. Be a part of the solution and benefit by getting into the market before it's too late. With a preferred completion date of early 2024, this opportunity won't last long. Don't miss out on this prime development opportunity.
Data was last updated September 30, 2023 at 10:05 PM (UTC)
Area Statistics
Listings on market:
57
Avg list price:
$649,900
Min list price:
$289,900
Max list price:
$2,680,000
Avg days on market:
40
Min days on market:
8
Max days on market:
208
Avg price per sq.ft.:
$554.41
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.