501 Prideaux St Nanaimo, British Columbia V9R 2N8
$1,324,900
DEVELOPMENT PERMIT APPROVED! Site in Nanaimo's Old City Quarters for 24 Units. Offering immense potential for developers/investors. This sought-after location has received Development Permit approval in February 2023, putting it ready for the Building Permit stage. This saves time & resources, allowing construction to begin now. The property enjoys a central location, providing convenient access to local amenities, shops, restaurants, & the new fast passenger ferry from Downtown Nanaimo - Downtown Vancouver in 70 minutes! With a mix of 1 bed, 1 bed+den, and 2-bed suites, this building caters to a range of housing needs. This development represents excellent value in 1 of the 5 fastest-growing cities in Canada, which is currently experiencing a major housing shortage. Be a part of the solution and benefit by getting into the market before it's too late. With a preferred completion date of early 2024, this opportunity won't last long. Don't miss out on this prime development opportunity. *Property Tax Exemption through City of Nanaimo* (id:16027)
Property Details
| MLS® Number | 937688 |
| Property Type | Vacant Land |
| Neigbourhood | Old City |
| Features | Central Location, Curb & Gutter, Hillside, Level Lot, Corner Site, Irregular Lot Size, Partially Cleared, Other, Marine Oriented |
| Plan | Vip21489 |
Building
Land
| Acreage | No |
| Size Irregular | 14252 |
| Size Total | 14252 Sqft |
| Size Total Text | 14252 Sqft |
| Zoning Description | Dt8 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/25877778/501-prideaux-st-nanaimo-old-city
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September 11 2023 11:02:14
Vancouver Island Real Estate Board
Oakwyn Realty Ltd.