Old City Quarter Development lot is almost 1/4 acre in size & nestled in selection of restaurants, specialty retail, pubs, & amenities, & close to Nanaimo’s downtown core. Currently 36 stall parking lot w/ opportunity to generate revenue while you develop. The adjacent 36 stall parking lot & office building (352 Wesley St. MLS 993603 & 348 Wesley St. MLS 993605) also available to purchase, w/ 2 separate titles offering office building including 2 bedrm accomm, creating additional income supporting future opportunities for development, in addition to the 2 separate parking lots. Zoning DT2 allowing for variety of commercial & residential development options & wide array of opportunities such as low-rise 30 to 66 condo/townhome building,+ the additional lot purchase of 348 Wesley St. could potentially build over 100 units+ on almost 1/2 acre of combined land w/ocean view/rooftop patios/secured parking w/graded access for parking.(All measurements approx & must be verified if important)
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