Incredible Investment Opportunity! Two legal lots for sale in the coveted University District. Endless possibilities await with multi-family development potential. The Official City Plan for this area is R7 or R8 zoning, making this a developer's dream. These lots are perfect for townhouses or apartment-style condominiums. One of the lots includes a charming 1961-built home featuring 4 bedrooms, 2 bathrooms, and a main level entry with a walk-out basement. Perfect for rental income while re-zoning. Located just five minutes from downtown, and a short stroll to recreation, shopping, transit and all levels of schools including VIU. Buyer to verify zoning and development potential. Measurements approximate, please verify if important.
Data was last updated September 7, 2024 at 10:05 PM (UTC)
Area Statistics
Listings on market:
95
Avg list price:
$998,000
Min list price:
$58,000
Max list price:
$7,250,000
Avg days on market:
96
Min days on market:
4
Max days on market:
761
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.