Waterfront Land assembly.360 Stewart Ave. and 345 Newcastle Ave. Amazing building opportunity. 17,424 sqft of buildable land with holding property to help cover costs until you want to start construction. The property is located steps to the Nanaimo seawall. This property will allow for up to 32 residential units. Build in one or two phases, as seperate titles exist. Preliminary Plans through City of Nanaimo investigation. 345 Newcastle Ave is rented with tenants up and down.