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∼ MLS No. 882125 ∼

Multi-family Development Opportunity in Popular Nanaimo Neighbourhood$1,000,000

2120 Bowen Road, Nanaimo, BC, Canada THIS PROPERTY HAS BEEN SOLD


  • Type: Development Site
  • Year Built:
  • Property Tax:
  • Approx. Sq Ft: 16,397

  • Located on a corner lot at an arterial road backing onto residential and school lands, this is an excellent opportunity for a multifamily development. The properties total 16,397 square feet.
  • Currently zoned R-1 Single Family Residential, the seller has commenced the rezoning process and has surveys and plans available for a 28-unit apartment project.
  • The property fronts onto the Bowen Road, a main arterial road with a growing number of commercial and multifamily properties. Located at the intersection of Latimer Road, the property also backs onto Robbie Place, providing road frontage on three sides and offering good access and site development flexibility.
  • The Bowen Road Corridor offers an interesting mix of retail, service, recreational facilities and professional businesses as well as a rapidly escalating residential population. This area is regarded as a key urban growth node in Nanaimo’s Official Community Plan. This property is on a bus route and many shops such as Quality Foods, Country Grocer, TD Bank, Tim Horton’s, Rexall Drugs and Subway are within walking distance.

Location


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