Residential

Property Description

0.2 ACRE OF OPPORTUNITY IN THE HEART OF CENTRAL NANAIMO! Attention builders, developers & investors: This 8,712 sq ft lot is priced to sell. Offering R5 zoning, redevelopment potential will consider of up to 4 dwelling units without rezoning (subject to City approval). Need inspiration? The neighbouring property is the same lot size & has already been developed with a triplex! Rear alley access adds flexibility for future development, ideal for off street parking. The existing cottage built in approx. 1913 is considered a teardown, with value primarily in the land for higher density potential. Serviced by city water & sewer with gas & hydro already to lot. This is an unbeatable central location for families: just a 1-minute walk to Forest Park elementary off the alley & walkable to Beban Park's ice rinks, pool, golf, sports fields, pickleball & BMX park. Nearby to the hospital plus some of Nanaimo's favorite restaurants & amenities. See the potential & bring your vision! AS IS WHERE IS