Address
223 Victoria Rd, Nanaimo, BC
Price
$ 375,000
Property Attributes
  • MLS#1023348
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Old City
  • Postal CodeV9R 4P7
  • StyleUnimproved Land
  • Price$ 375,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.11 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
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

General Features

Property Subtype Unimproved Land
Property Type Commercial Sale
Commercial Area Downtown
Commercial Listing Type Land

Exterior Features

Lot Size Square Feet 4760.00
Lot Size Acres 0.11
Parking Onsite YN Yes

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 4P7

Price
AVG $380K
$380K
Visits
AVG 248
248
Data Provided by Inside Real Estate®

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