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.

KEY DETAILS
  • Price:
  • $4,980,000
  • Bedrooms:
  • 0
  • Full Baths:
  • 0
  • Square Footage:
  • n/a
  • Acreage:
  • 0.29
  • Listing #:
  • 852204
  • Street Address:
  • 15 Front St
  • City:
  • Nanaimo
  • State:
  • BC
  • Postal Code:
  • V9R 5H9
  • County:
  • Nanaimo Regional District
  • Area:
  • Nanaimo
  • Subarea
  • Old City
  • Listing Status:
  • For Sale - Active

Building

  • View:
  • Ocean

Land

  • Conforms To Zoning:
  • Dt5
  • Lot Features:
  • Central Location, Cleared, Corner Lot, Easy Access, Level, Marina Nearby, Serviced, Shopping Nearby
  • Lot Size:
  • 0.29
  • Lot Size Units:
  • Acres
  • Lot Square Footage:
  • 12600

Listing

  • Days On Market:
  • 222
  • Originating Mls:
  • Vancouver Island Real Estate Board

Location

  • Street Type:
  • St
  • Sub Area:
  • Old City

Money

  • Ownership:
  • Freehold
  • Tax Year:
  • 2019

Rules

  • Pet Allowed:
  • Yes

Systems

  • Existing Water:
  • Municipal
  • Sewage Type:
  • Sewer To Lot

Source

  • Listing Provided By Selina Xia* of Exp Realty
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