Water Views
Address
15 Front St Nanaimo, BC
Price
$ 4,980,000
Property Attributes
  • MLS#852204
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 5H9
  • StyleUnimproved Land
  • Price$ 4,980,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size12,632 SqFt
Listing Provided Courtesy Of:
eXp Realty
Data Source:
Canada - Vancouver Island Real Estate Board (VIREB) - 445 - CAN
Property Description

This will be a new iconic building in Downtown Nanaimo by the water! The DT5 zoning allows various developments, including hotel, condo, and mixed commercial and residential use. The floor area ratio is 3.3, the lot coverage ratio is 100%, and the maximum height allowed is 19.8m. No parking required for a hotel building at this location. The city has indicated the potential to increase density and height. A plan for a proposed 89 room hotel was approved for building permit, and many other options are waiting. The Seller is open for a joint venture with a qualified buyer.

General Features

Commercial Area Downtown
Commercial Listing Type Land
Pets Allowed Y/N Yes
Property SubType Unimproved Land
Property Type Commercial Sale
Sewer Sewer To Lot
View Ocean
Zoning DT5

Exterior Features

Lot Description Central Location, Cleared, Corner, Easy Access, Level, Marina Nearby, Serviced, Shopping Nearby
Lot Size Acres 0.29
Lot Size Dimensions 126 x 100
Lot Size Square Feet 12600.00
View Yn Yes
Water Source Municipal

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9R 5H9

Price
AVG $1.5M
$4.98M
Visits
AVG 30
1031
Walkscore
AVG 78
72
Data Provided by Walkscore ® not using MLS data

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