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$449,000
Est. payment /mo
4,791 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 988729
Rental Info Unrestricted
Annual Tax Amount $1,809
Tax Year 2025
Lot Size 4,791 Sqft
Acres 0.11
Property Sub-Type Unimproved Land
Property Description
223 Victoria Road presents a rare and highly strategic multi-family development opportunity in Nanaimo. Unlike the large-scale multi-family projects that dominate the market and require substantial working capital, this approved four-unit townhouse-style complex offers a more accessible entry point for builders while maintaining strong investment potential. The property is ideally situated within walking distance of downtown and central shopping, ensuring long-term desirability.This project features a unique mix of residential and live-work spaces. The standout unit is a rare live-work design with a 521 sq. ft. ground-floor office space that connects via an internal staircase to a two-bedroom, 774 sq. ft. residential unit above.The second level also has a separate exterior entrance, maximizing functionality and rental appeal.The remaining three units are well-designed two-bedroom residences of approximately 820 sq/ft.,each with a private outdoor deck and townhouse-style exterior access
Location
Province BC
County Nanaimo, City Of
Area Na Old City
Exterior
Parking On Site 1
Others
Tax ID 008-823-031
Ownership Freehold
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Listed by RE/MAX of Nanaimo