Positioned in a rapidly evolving area with R-14 zoning, this property presents a rare opportunity for multifamily or infill development. Whether you’re envisioning a duplex, triplex, or a creative small-scale residential project, this site offers outstanding potential in one of Nanaimo’s most accessible neighbourhoods. Developers and investors will appreciate the combination of strong zoning flexibility, central location, and long-term growth prospects. The existing 3-bedroom, 2-bath character home provides immediate rental or holding value while you plan your next project. Full of natural light and original charm, it features a spacious layout and a comfortable primary suite—making it equally appealing to homeowners seeking a blend of vintage character and modern convenience. Ideally situated just steps from Superette Foods, the downtown bus station, and vibrant downtown Nanaimo, this property places future residents within walking distance of everyday essentials, local shops, and the scenic waterfront. Bring your vision and see the possibilities unfold—this is your chance to secure a prime development parcel with strong upside potential in the heart of Nanaimo. (id:2493)
Data was last updated November 29, 2025 at 03:45 AM (UTC)
Area Statistics
Listings on market:
41
Avg list price:
$325,000
Min list price:
$275,000
Max list price:
$1,190,000
Avg days on market:
72
Min days on market:
7
Max days on market:
287
Avg price per sq.ft.:
$317.38
These statistics are generated based on the current listing's property type
and located in
Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.
