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| ID: | 61986 |
|---|---|
| MLS ID: | 24573416 |
| MLS Nubmer: | 907253 |
| description: | The Avison Young Multi-Family Team is pleased to offer for sale 1298 Nelson Street, a once-in-a - lifetime opportunity to develop 1.88 acres of land adjacent to Nanaimo Regional Hospital. This premier site features an irreplaceable location with frontage on Boundary Avenue, Strathmore Street and Nelson Street. A developer can build a mid-rise residential rental, strata and/or assisted living housing in a supply-constrained market that is rapidly growing. Under the current CC5 zoning at a 46% site coverage and 4 storey height, the gross buildable area for the Property can be up to 150,696 sf. We estimate this will equate to approximately 37,000+ sf of ground floor commercial and up to 148 residential units on floor 2, 3 and 4. |
| address: | 1298 Nelson St |
| postal code: | V9S2K5 |
| city: | Nanaimo |
| latitude: | 49.18754742 |
| longitude: | -123.97140744 |
| sub_type: | Vacant Land |
| size_total: | 1.88 ac |
| features: | Central location, Corner Site |