About This Property
Prime development opportunity in waterfront downtown Nanaimo! This 11,394 sq.ft. lot, zoned DT-5, allows for high-density, multi-storey 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 buyer's 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 GST (id:64973)
The $57 per square foot asking price for this prime downtown Nanaimo waterfront lot is well below the city's average of $80 per square foot for similar development opportunities, making it a compelling value proposition. Given the property's high-density zoning, ocean views, and proximity to parks and amenities, this lot is ideally suited for a real estate developer seeking to capitalize on Nanaimo's thriving multi-family residential market.
Property Details
Location
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