604 Madsen Rd Nanaimo, British Columbia V9S 4M2


Multi-Family development site located in Central Nanaimo on Vancouver Island zoned COR3 Commercial. This site is located in an area that has undergone unprecedented development in the last 10 years such as new multi family buildings, office buildings, and the newly built Greenrock service commercial/industrial node which includes various businesses that will service the needs of the local community within walking distance. This site is also close to the hospital, 5 min drive to the downtown core and the Vancouver Island University. The property is over 33000 sq ft (.76 acres) and is situated on a corner lot with 2 road frontages and offers a very level building site. COR3 zoning allows 60% lot coverage with a 0.75 Floor Area Ratio (FAR) with Tier 1 and Tier 2 incentives to permit additional density (buyers to do their own due diligence). The property currently has a small home on the site which could be rented while you design and plan your project. This site offers plenty of sun and once built the units will enjoy fantastic views of Mt Benson. This is a rare offering in today's market, as Nanaimo is one of the fasted growing cities in Canada where land is becoming very hard to find. Bank this land for the future and plan your next project! Information package available. (id:16027)

Property Details

MLS® Number 931036
Property Type Other
Neigbourhood Central Nanaimo
Features Southern Exposure, Corner Site, Irregular Lot Size, Partially Cleared, Other


Size Exterior 879 Sqft
Type Commercial Mix


Access Type Road Access
Acreage No
Size Irregular 0.76
Size Total 0.76 Ac
Size Total Text 0.76 Ac
Zoning Description Cor-3
Zoning Type Unknown



Contact us for more information

Generating Captcha

Your Favourites


No Favourites Found


Contact Jeff King, Realtor®

[contact-form-7 id=”34770″ title=”Popup Contact Form”]

To contact Jeff King directly to discuss your real estate needs, please do one of the following:

Phone me at 250-751-4902
Email me using the form to the right

If you prefer regular mail, you can send me your letter mail in care of the Sutton Group – West Coast Realty address below.

Sutton West Coast Realty

604 – 5800 Turner Road
Nanaimo BC V9T 6J4

Office phone: 250-756-2112
Office fax: 250-756-9144