15 Front St, Nanaimo, BC V9R 5H9

$4,980,000
List Price
$4,980,000
MLS® #
852204
Acres
0.29
Subdivision
Na Old City

Property Description

This will be a new iconic building in Downtown Nanaimo by the water! The DT5 zoning allows various developments, including hotel, condo, and mixed commercial and residential use. The floor area ratio is 3.3, the lot coverage ratio is 100%, and the maximum height allowed is 19.8m. No parking required for a hotel building at this location. The city has indicated the potential to increase density and height. A plan for a proposed 89 room hotel was approved for building permit, and many other options are waiting. The Seller is open for a joint venture with a qualified buyer.

Additional Information

Lot Size
12,600
Lot Features
View - Ocean, Central location, Easy Access, Level Lot, Marina Nearby, Shopping Nearby, Cleared, Corner Lot, Serviced
Office Name
eXp Realty

Listing courtesy of eXp Realty.

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Listing content Copyright 2021 Vancouver Island Real Estate Board. The above information is from sources deemed reliable, but should not be relied upon without independent verification.