Prime development opportunity in waterfront downtown Nanaimo! This 11,394 sq ft lot zoned DT-5 allows for high - density multi story residential with compatible commercial uses. Enjoy stunning ocean views and picturesque vistas of Maffeo Sutton Park, with direct access to parks and the seawall, steps from vibrant downtown amenities. The seller has completed a survey and provides a detailed proposal for a 6 storey, 21 unit condominium with underground parking, designed to maximize ocean views and integrate with the urban landscape ( for buyers reference only )
Priced to sell, this is a rare chance for developers to create a landmark project in Nanaimo's coveted waterfront downtown area. Price plus tax.
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale of Assets
Listing General Location:
Na Old City, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
11,326 sq. ft.1,052 m2
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
DT-5
Lot Site Features:
Central Location, Cleared, Easy Access, Recreation Nearby, Shopping Nearby
Data was last updated October 15, 2025 at 12:05 PM (UTC)
Area Statistics
Listings on market:
28
Avg list price:
$647,000
Min list price:
$23
Max list price:
$2,850,000
Avg days on market:
133
Min days on market:
1
Max days on market:
539
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations. This data is not produced by the MLS® system.