1.74 Acre high visibility location on the edge of one of Canada's and BC's fastest growing communities. Current zoning allows Assembly, Child care, Community care, Cultural Service, Funeral service, Health service, Indoor recreation, Market, Office, School, Restaurant, Seniors home., etc. etc. Combine with MLS No. 1052238 for a 3.04 acre development. Development potential for the combined parcel is estimated at 120,000 square feet of buildable area (50% parcel coverage to a maximum of 8 meters) over a flat, gently sloping landscape. Potential to re-zone with the OCP supporting multi-family structures. Any re-zoning would have to be confirmed by the buyer. An Engineering study has been completed and could be made available. Independent appraisal available to support listing value.
Data was last updated October 14, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
104
Avg list price:
$1,242,500
Min list price:
$99,000
Max list price:
$25,000,000
Avg days on market:
92
Min days on market:
1
Max days on market:
673
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.