1421 Princess Royal Ave, Nanaimo, BC V9S 3Z8

A rare opportunity in today’s market for you to own your very own income producing apartment building or sell as condos. Project incl. two ocean view legal lots totaling almost a quarter acre of land w/ ocean views of Newcastle Channel, incredible walkability to amenities plus a fresh Development Permit in hand making this a turn-key opportunity in the sought after Brechin Hill area. Close to marinas, BC Ferries, seaplanes & a short stroll to downtown cafes, restaurants, pubs & shops, this development property is the ideal site to build on. The current approved plans offer over 15,000 sqft of finished interior space set over 4 floors, w/ 16 units including a mix of 1 bedroom, 1 bedroom and den & 2 bedroom homes. There is currently a small house on the property with alley access on the low side making parking access easy & practical. This property is zoned R-8, Medium Density Residential. (All measurements are approximate & info should be verified if important)