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Listed by Adam Sandhu Sotheby's International Realty Canada (Vic2)
$ 1,250,000
Est. payment /mo
New
447, 449&455 Nicol St Nanaimo, BC V9R 4T5
0.4 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1036107
HOA Y/N No
Annual Tax Amount $5,006
Tax Year 2025
Lot Size 0.400 Acres
Acres 0.4
Property Sub-Type Unimproved Land
Property Description
For sale: 427, 449 & 455 Nicol Street, Nanaimo, B.C. (the "Subject Site") — a compelling opportunity to acquire a Development Permit-ready multifamily site in one of Nanaimo's most rapidly transforming neighbourhoods.
The Subject Site comprises three contiguous lots totaling 17,692 SF (0.41 acres) with 160+ feet of frontage on Nicol Street. Zoned COR3 Community Corridor, the plans designed by Stantec Architecture for a 4-storey, 35-unit purpose-built rental building. The unit mix comprises 8 micro-studios, 15 one-bedroom units, and 12 two-bedroom units. The Subject Site is a five-minute drive to downtown Nanaimo, Port Place Mall, and the Harbourfront Walkway, and ten minutes to Vancouver Island University and BC Ferries terminals.
The Subject Site comprises three contiguous lots totaling 17,692 SF (0.41 acres) with 160+ feet of frontage on Nicol Street. Zoned COR3 Community Corridor, the plans designed by Stantec Architecture for a 4-storey, 35-unit purpose-built rental building. The unit mix comprises 8 micro-studios, 15 one-bedroom units, and 12 two-bedroom units. The Subject Site is a five-minute drive to downtown Nanaimo, Port Place Mall, and the Harbourfront Walkway, and ten minutes to Vancouver Island University and BC Ferries terminals.
Location
Province BC
County Nanaimo, City Of
Community Na South Nanaimo
Area Nanaimo
Interior
Fireplace No
Exterior
View Y/N Yes
View Ocean
Garage No
Others
Ownership Freehold
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