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622/626/630 Fourth St Nanaimo, British Columbia V9R 1V3

$1,950,000

Discover an exceptional chance to acquire a prime development property in Nanaimo's University District. Situated at 622, 626, and 630 Fourth Street, this offering includes three identical lots, each with lane access and cumulatively spanning over 20,000 square feet. Located just a short stroll from the Vancouver Island University campus, this site is perfectly positioned for a potential condominium or rental project that would appeal to faculty, students, and families alike. With the potential to construct 24 units or more, this property presents a profitable opportunity for developers eager to meet the increasing housing demand in the region. Highlighted is a neighboring project on a similar site that successfully underwent rezoning and secured permits within just 7 months, illustrating the potential for rapid project initiation. Don't let this unique opportunity to secure a prime development site in one of Nanaimo's most sought-after locations slip away. (id:55599)

Property Details

MLS® Number 962425
Property Type Multi-family
Neigbourhood University District

Building

Type Multi-family

Land

Acreage No
Size Irregular 20909
Size Total 20909 Sqft
Size Total Text 20909 Sqft
Zoning Type Unknown

https://www.realtor.ca/real-estate/26831439/622626630-fourth-st-nanaimo-university-district

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