About This Property
Prime development opportunity in waterfront downtown Nanaimo! This 11,394 sq ft lot zoned DT-5 allows for high - density multi story residential with compatible commercial uses. Enjoy stunning ocean views and picturesque vistas of Maffeo Sutton Park, with direct access to parks and the seawall, steps from vibrant downtown amenities. The seller has completed a survey and provides a detailed proposal for a 6 storey, 21 unit condominium with underground parking, designed to maximize ocean views and integrate with the urban landscape ( for buyers reference only ) Priced to sell, this is a rare chance for developers to create a landmark project in Nanaimo's coveted waterfront downtown area. Price plus tax. (id:64973)
The $57 per square foot price tag for this prime downtown Nanaimo property presents a compelling value proposition compared to the city's average multi-family rate of $300 per square foot. This development opportunity is well-suited for savvy real estate investors seeking to capitalize on Nanaimo's burgeoning waterfront revitalization and the increasing demand for high-density, mixed-use living in the vibrant city centre.
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