1.2 acre development site. Site is level, rectangular, and has almost 400 feet of street frontage. Located within walking distance to grocery shops, restaurants, parks, day care, bus stop and primary school, and several minutes drive from the ferry terminal and the university. A 1980s home with a suite sits on a corner of the property and creates constant holding revenue. Can be subdivided off and leave a 1 acre parcel for development. Site is designated Corridor in the OCP. City is in favor of condo development or mixed commercial and residential use. 50 units with ground parking is a reasonable density according to the zoning bylaw. Information package is available on request. Measurements are approximate, verify if important.
Listed by RE/MAX Of Nanaimo.
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