Prime Multi-Family Development Opportunity in Nanaimo! This 18,441 sq. ft. COR1-zoned parcel comes with a Development Permit in place for a 22-unit, four-storey multi-family residential building, making it a rare turnkey investment opportunity. Ideally situated just minutes from downtown Nanaimo, the site offers excellent walkability to Bowen Road amenities, as well as easy access to the Nanaimo Parkway and North Nanaimo. The approved development features a well-balanced unit mix, including 1 Live/Work unit, 3 studios, 9 one-bedrooms, 4 one-bedroom + den units, 3 two-bedroom + den units, and 3 accessible two-bedroom units, catering to a diverse range of residents. This project is for investors who are looking to capitalize on the area’s strong rental demand and growth. Full plans and designs are available upon request for qualified buyers. Don’t miss out on this exceptional investment—contact us today for more details. (Measurements and data approximate; verify if important.) (id:4069)
Address
1641 Bowen Rd
List Price
$1,100,000
Property Type
Single Family
Type of Dwelling
House
Area
British Columbia
Sub-Area
Nanaimo
Bedrooms
2
Bathrooms
1
Floor Area
776 Sq. Ft.
Lot Size
18441 Sq. Ft.
Year Built
1938
MLS® Number
992939
Listing Brokerage
eXp Realty (NA)
Postal Code
V9S1C7
Zoning
COR1
Features
Central location, Southern exposure, Other
