Description
COMMERCIAL - RESIDENTIAL MIXED USE DEVELOPMENT SITE OFFERED WELL BELOW ASSESSED VALUE - Commercial, Residential, multi-family, live/work, mixed use development property located in a commercial and residential area of the Old City quarter ready for your development ideas. Newly constructed neighbouring townhome development with a commercial component on the ground floor has enhanced the neighbourhood creating a close knit community vibe suitable for young professionals, families, university students and seniors. The site is zoned DT11 providing for personal services, professional offices, multi-family, duplexes, townhomes, residential low scale development up to 3 stories with minimal setback requirements. The location is prime for ease of accessibility to VIU or downtown via walking, bike, driving or public transportation. Environmental issues noted with the soil therefore buyers MUST do their own due diligence regarding environmental concerns and remediation. PROPERTY SOLD AS IS.
Property Details
| Property Type | Commercial Sale |
| Property Sub Type | Unimproved Land |
| Listing ID | 1017869 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Old City |
| Postal Code | V9R 2L3 |
| Property Taxes | $16,738.00 (2025) |
| Parking Total | 50 |
| Zoning | DT11 |
| Listed Date | Oct 19, 2025 |
| Lot Size | 0.67 acres |