Nanaimo Regional District, V9R 5H9

15 Front St

852204

MLS® Number

12,600 SqFt

Lot Size

$4,980,000

Listing by eXp Realty

Listing information last updated: Tue Apr 13 2021 17:52:45 GMT+0000 (Coordinated Universal Time)

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.

Full Address

15 Front St, Nanaimo BC V9R 5H9

MLS® Number

852204

Status

Active

Listing Price

$4,980,000

Property Type

Commercial Sale

Property Subtype

Unimproved Land

Year Built

Days on Market

222 Days

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MLS® Number

852204

Listing Price

$4,980,000

Status

Active

Property Type

Commercial Sale

Lot Size SqFt

12,600 SqFt

Lot Size Acres

0.29 Acres

Days on Market

222 Days

Tax Year

2019

Full Address

15 Front St, Nanaimo BC V9R 5H9

City

Nanaimo

Postal Code

V9R 5H9

District

Nanaimo Regional District

Zoning

DT5

MLS Area Major

Nanaimo

MLS Area Minor

Na Old City

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