eXp Realty

Maegan Morton

Prime Multifamily Development Opportunity! This large, R8-zoned corner lot is perfect for a four-plex build. Currently featuring a 3-bedroom, 2-bath character home (built in 1905) with a separate 1-bedroom suite. Strategically located near Departure Bay ferry terminal, bus routes, shopping, schools, parks, and major highways—this site offers unbeatable convenience. With two existing water connections, expanding the property is made easier. The mature fruit trees add natural charm, and a successful salon currently operates on the premises. Property is being sold as-is, presenting a unique opportunity for developers and investors. Act fast—this versatile investment won’t last long! All measurements are approximate, buyer to verify if deemed important.

LOT 1, PLAN VIP3987, DISTRICT LOT SUB34, SECTION 1, NANAIMO LAND DISTRICT, EXCEPT PLAN ELY 70 FT, NEWCASTLE TOWNSITE

B.C. Farm & Ranch Realty Corp.

Loralee Burns

Prime Multifamily Development Opportunity! This spacious R8-zoned corner lot is perfect for building a four-plex. The property features a charming and artistic 1905 character home with 3 bedrooms, 2 baths, and a 1-bedroom suite, providing rental income while planning your project. Conveniently located near Departure Bay ferry terminal, shopping, schools, parks, bus routes, and major highways, it offers unmatched accessibility for future residents. With two water connections already in place, development is more straightforward. Featuring mature fruit trees and an established salon business currently operating on the property, both the salon and lower suite are owner-occupied but can be rented out by the new owner. Whether you’re looking to develop, invest, or both, this versatile property offers endless possibilities. Sold as-is, this property is ideal for developers or investors ready to maximize its potential. All measurements are approximate; buyers to verify if important.

Multifamily Site Alert! Discover a prime investment opportunity with this R8-zoned corner lot, perfect for developing into a four-plex. Built in 1905, this character home features 3 bedrooms, 2 bathrooms, including a separate 1-bedroom suite. Ideally located close to Departure Bay ferry terminal, bus routes, shopping centers, schools, parks, and highways, this property offers convenience and accessibility. The site already has two water connections, simplifying future expansion. The mature fruit trees add charm to the landscape. Currently, a successful salon operates on the premises. Property is being sold as is. Don’t miss out on this versatile investment gem! All measurements are approximate, buyer to verify if deemed important.

Fantastic Multifamily Development Potential! This expansive, R8-zoned corner lot is ideal for building a four-plex. The property currently boasts a charming 3-bedroom, 2-bath character home (circa 1905) with an additional 1-bedroom suite. Perfectly situated near Departure Bay ferry terminal, bus routes, shopping, schools, parks, and major highways, this location offers unbeatable convenience for future residents. With two existing water connections, expansion is more straightforward. The property also features mature fruit trees and a thriving salon business. Sold as-is, this is an excellent opportunity for developers and investors alike. Don’t miss out—this versatile property won’t stay on the market for long! All measurements are approximate; buyers to verify if deemed important.

410 Rosehill St, Townsite, Nanaimo, BC, V9S1E5

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