Rare opportunity to obtain a residential development site in central Nanaimo on 6.55 acres with potential for 132 residential units situated in central Nanaimo. The current seller has proposed a development of 54 townhomes offering 3 levels, garage, and on site parking and 2 multi - family buildings of 38 units each consisting of mostly 2 bedroom and den 1000 to 1200 sqft condos with 2 on site parking stalls per unit. The seller has indicated that the City of Nanaimo would support this development and a rezone of the property to R8 to accommodate 4 story buildings, however buyers must complete their own due diligence with the City of Nanaimo. The proposed development would offer exceptional views of Mt Benson with all day sun providing walking distance to shopping, dining, the hospital, Pryde Vista Golf Course, public transportation, downtown, and VIU. Full city services are available. Information package upon request.
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