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$1,950,000
Est. payment /mo
0.48 Acres Lot
UPDATED:
02/19/2025 08:43 PM
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 982742
Rental Info Unrestricted
Annual Tax Amount $9,812
Tax Year 2024
Lot Size 0.480 Acres
Acres 0.48
Property Sub-Type Multi Family
Property Description
Discover an exceptional chance to acquire a prime development property in Nanaimo's University District. Situated at 622, 626, and 630 Fourth Street, this offering includes three identical lots, each with lane access and cumulatively spanning over 20,000 square feet. Located just a short stroll from the Vancouver Island University campus, this site is perfectly positioned for a potential condominium or rental project that would appeal to faculty, students, and families alike. With the potential to construct 24 units or more, this property presents a profitable opportunity for developers eager to meet the increasing housing demand in the region. Highlighted is a neighboring project on a similar site that successfully underwent rezoning and secured permits within just 7 months, illustrating the potential for rapid project initiation. Don't let this unique opportunity to secure a prime development site in one of Nanaimo's most sought-after locations slip away.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Exterior
Parking On Site 1
Others
Pets Allowed Yes
Ownership Freehold
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Listed by eXp Realty