Terminal avenue and Townsite road on the old Island Highway zoned Corridor 2 mix use. Corridor 2 zoning provides for multi-floor mixed commercial and multi-floor residential development along a very high traffic commercial arterial. This is Nanaimo’s busiest traffic corridor, permitted uses vary from Multi family dwelling, restaurants, professional office or retail space and numerous other commercial uses. Refer to City of Nanaimo website under zoning COR 2. Subject corner property is strategically located on a stop light intersection with access off of Townsite road. Prime commercial development opportunities abound, ideal for a business location requiring “High Traffic Exposure.” Another option is to renovate this 1920’s character “first and second floor” water-view home for your own personal residence with a home based business in Nanaimo, the harbour city.15 Year rental home needs TLC Call listing agent for more details.
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