With R14 zoning & outstanding redevelopment potential, this property presents an exciting opportunity for builders, investors, & forward-thinking buyers alike. The site offers the flexibility for a variety of multi-family concepts, including modern townhomes, stacked units, or ocean-view residences designed to maximize the setting. Street & alley access further enhance the development possibilities, making this a rare chance to secure a property with significant future upside. Complementing the potential is a charming, updated single-family home that is move-in ready for immediate enjoyment or rental income. Recent improvements include new flooring, fresh paint, & refreshed bathrooms, creating a bright and welcoming living space filled with character. Whether you’re looking for a comfortable home, a holding property, or your next development project, this property offers exceptional versatility and value. Measurements are approximate and should be verified if important. (id:2493)
Data was last updated July 21, 2026 at 12:15 AM (UTC)
Area Statistics
Listings on market:
78
Avg list price:
$647,400
Min list price:
$165,000
Max list price:
$1,850,000
Avg days on market:
43
Min days on market:
1
Max days on market:
235
Avg price per sq.ft.:
$381.26
These statistics are generated based on the current listing's property type
and located in
South Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
