Nanaimo serves as a hub for many central and northern Vancouver Island communities, but has recently seen many significant developments plus reinvigoration of the downtown as a tourism and commerce center. It has the mildest climate in Canada with growing jobs and business opportunities and increasingly more retirees and seniors are relocating here. This prime site can be developed on its own or combined with the 2 adjoining properties as a package. It has existing designs for 65room hotel expansion and convention facility or 33 strata condos with commercial, health spa and retail. These designs do not reflect the current higher density and height designations prevalent in the area recently. It is a perfect location for a senior/care facility, as there are many in the area of Long Lake. It is zoned COR2 with base density of 1.25 up to 1.75 FSR on its own. Combined with the adjoining sites, it may achieve density well over 2.0 FSR. (id:47421)
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Detailed Information
Features
Corner Site, Sloping, See remarks, Other
Listing Contract Date
2024-10-01
Municipal ID
027-215-563
Ownership Type
Freehold
Plan
VIP83746
Property Type
Other
Transaction Type
For sale
Zoning Description
COR2
Zoning
Unknown
Building
Type
Commercial Mix
Land
Total Size
1.2 acres
Acreage
Yes
Size of Irregular Land
1.2
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