First time on the market! Unique development property opportunity with two houses for rental income. This 1.8 acre parcel in the heart of Nanaimo is close to transit, VIU, schools, and many amenities. Currently zoned AR1 which allows for a variety of commercial uses including campground, dog kennel, horse facilities, agriculture and more. Outgoing OCP had this slated for COR use, incoming OCP indicates residential use. Preliminary discussions with the city indicate that they would support a higher density residential zoning. Property is on municipal water, sewer and has natural gas.
Survey and Geotech available. Contact agent for information about potential for land assembly with neighbouring property. Buyer should do own due diligence about potential uses, and any details considered material.
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