Things are really starting to happen in the Mid-Island! An exciting opportunity is available to acquire a prime 3.2 acre high rise multifamily development site in North Nanaimo.
The zoning covenant allows for two buildings of 20 storeys (66 meters) with a total floor plate of 1,647 square meters (both buildings) for a gross building area of about 32,000 square meters (354,000 sqft). Price is $6,488,000 which equates to about $18.30 per buildable sqft.
The property is located within two blocks of all North Nanaimo Services including Woodgrove Mall, Costco, Home Depot, restaurants and bus transportation. The views from the suites of Georgia Strait and the Coast mountains will be panoramic. Good soil condition and a flat site for easy building.