Water Views
Address
15 Front St Nanaimo, BC
Price
$ 4,980,000
Property Attributes
- MLS#852204
- TypeCommercial
- CityNanaimo
- AreaNanaimo
- NeighbourhoodNa Old City
- Postal CodeV9R 5H9
- StyleUnimproved Land
- Price$ 4,980,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size12,632 SqFt
Listing Provided Courtesy Of:
eXp Realty
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property 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.
General Features
| Commercial Area | Downtown |
|---|---|
| Commercial Listing Type | Land |
| Pets Allowed Y/N | Yes |
| Property SubType | Unimproved Land |
| Property Type | Commercial Sale |
| Sewer | Sewer To Lot |
| View | Ocean |
| Zoning | DT5 |
Exterior Features
| Lot Description | Central Location, Cleared, Corner, Easy Access, Level, Marina Nearby, Serviced, Shopping Nearby |
|---|---|
| Lot Size Acres | 0.29 |
| Lot Size Dimensions | 126 x 100 |
| Lot Size Square Feet | 12600.00 |
| View Yn | Yes |
| Water Source | Municipal |
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 5H9
Price
Visits
Walkscore
Data provided by: Victoria Real Estate Board 3035 Nanaimo Street, Victoria, British Columbia V8T 4W2
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Information should be deemed reliable but not guaranteed, all representations are approximate, and individual verification is recommended. Copyright ©2022 All rights reserved.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services