564 Fifth Street, Nanaimo, BC, V9R 1P4, Canada

Description

DEVELOPMENT OPPORTUNITY: Prime & central Nanaimo property located fronting Fifth Street at its junction with Georgia Ave, directly west of Harewood Shopping Plaza & close to the central business district in the City of Nanaimo. Site consists of 2.28 acres, the parcel has a total frontage of approximately 300.75 feet and a depth of about 333.5 feet. There are 4 apartment buildings which cover 10 to 20 percent of the total property area or roughly 0.9 ha (9,232 m2). The total number of units consists of 18 two bedroom units & 17 three bedroom units. The subject property is ideally located between Hwy 19 to the West and Hwy 1 to the East surrounded by nearby parks and “Vancouver Island University” located just up the street at 900 Fifth Street. Location is everything, bring your ideas for development and re-zoning and turn this property into a re-developed GEM!!!