Development Opportunity - Expansive 90.48-acre parcel located in the rapidly growing area of South Nanaimo. Currently zoned R10, this zoning provides for detached, single residential dwelling subdivisions and clustered multiple family developments. The property features dedicated parkland and enjoys a prime location just minutes from Vancouver Island University, making it an attractive prospect for future development. Lot size is based on BC Assessment and should be independently verified. Buyers to perform their own due diligence with the City of Nanaimo and relevant government bodies regarding potential land use, zoning, and development abilities and restrictions. The property falls within multiple Development Permit Areas (DPAs), which may affect future plans. Offered as-is, where-is. All information and measurements are approximate and must be verified if important.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Na South Nanaimo, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
90.481 acre(s)36.6 hectare(s)
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
R10
Occupancy:
Vacant
Lot Site Features:
Acreage, Central Location
Date Listed:
May 21, 2025
Original Price:
7903000.0
Listed by Royal LePage Nanaimo Realty (NanIsHwyN)
Data was last updated May 22, 2025 at 08:05 AM (UTC)