$1,495,000 · Nanaimo Multi-Family Development Opportunity

Rezoning to R10 and approval for 32 townhomes in a cluster of 7 buildings containing 2 to 6 units each is near complete. The design proposes 18 - 4-bedroom townhomes, 9 - 3-bedroom Rowhouses, and 5 - 2-bedroom flats for a total of approx. 45,000 of floor area on a site of 4.04 acres. Parking Stalls per unit are 2 (Provided as a mix of in-suite garages, driveways, parking stalls and tandem stalls.) Visitor Stalls: 4, Total Stalls: 68. The site backs onto a natural riparian area which provides for privacy, peace, and tranquility. Amenities are mere minutes away such as shopping, restaurants, aquatic centre for recreation and Vancouver Island University providing more than 120 programs, from graduate and undergraduate degrees to trades diplomas and certificates for 12,000 students (12% Indigenous and 12% international) as well as close proximity to downtown and transit. Contact us for an information package! Brian McCullough PREC* Sims Real Estate Group powered by eXp Realty