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Days On Market: 10
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Commercial Sale

$1,250,000
447 Nicol St, Nanaimo, BC

Address

447 Nicol St, Nanaimo, BC

Price

$1,250,000

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.

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Interested in this property?

Contact Scott Parker Personal Real Estate Corporation for more information

(250) 751-1223
scott@scottparker.ca
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Property Details

MLS® Number: 1036107
Property Type: Commercial Sale
Property Subtype: Unimproved Land
Status: Active
Lot Size: 0.40 acres
Area: Nanaimo - Na South Nanaimo
Annual Tax: $5,007 (2025)
Days on Market: 10 days

Additional Property Details

View: Ocean view

Parking & Land Details

Land Size: 17424 sqft
Acreage: false

Landscape & Property Information

Irregular Land Size: 17424
Ownership Type: Freehold
Transaction Type: For sale

MLS® Number

1036107

Property Photos

Property Landing Page Open shareable magazine-style page

Property Location

447 Nicol St, Nanaimo, BC

Listed by Sotheby's International Realty Canada (Vic2)

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