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530 & 550 Pythian Lane - Downtown multi- family development view lots 0.44 Acres of Residential Land Offered at $1,064,000 CAD in Nanaimo, BC V9S 1A9
Investment Highlights
- Oversize lots located in a secluded area overlooking city parks
- Level established lots are ready for redevelopment
- Southern exposure provides views of parks and downtown
Executive Summary
Property Facts
| Price | $1,064,000 CAD | Property Type | Land |
| Sale Type | Investment | Property Subtype | Residential |
| Sale Condition | Assemblage | Proposed Use | Multifamily |
| No. Lots | 1 | Total Lot Size | 0.44 AC |
| Zoning | R-5 - Development of small-scale multiple family residential dwellings, of up to four units per lot, .compatible or enhance the style of area development. | ||
| Price | $1,064,000 CAD |
| Sale Type | Investment |
| Sale Condition | Assemblage |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 0.44 AC |
| Zoning | R-5 - Development of small-scale multiple family residential dwellings, of up to four units per lot, .compatible or enhance the style of area development. |
1 Lot Available
Lot 530 & 550
| Price | $1,064,000 CAD | Lot Size | 0.44 AC |
| Price Per AC | $2,417,725.75 CAD |
| Price | $1,064,000 CAD |
| Price Per AC | $2,417,725.75 CAD |
| Lot Size | 0.44 AC |
Sold at land value only. Two large, adjacent 9,585 sq ft lots with southern exposure, overlooking the City Centre. The land is ready for redevelopment for multifamily or an impressive single-family home with existing zoning.
Description
These properties provide an opportunity to create multi-family units over looking core area parks and downtown Nanaimo. Development is supported by City of Nanaimo bylaws and Provincial Small Scale, Multi-unit Housing density requirements in urban areas. the lots are located on a secluded lane providing privacy. Along the southern boundary the lots border a city green space, and the raised elevation of Pythian lane provides views over the nearby residential units.
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530 & 550 Pythian Lane - Downtown multi- family development view lots
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