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437 ALBERT STREET - Are you looking for a great investment? This corner lot in downtown Nanaimo, is a developer's dream! Zoned DT-8, Old City Mixed Use. You can build commercial units at street level, and multi-family residential units on the second and third storeys. This corner lot sits on top of a hill, with the potential for ocean and mountain views if you build second and third storeys. The location is ideal, right on Albert St, which will become one of the main arteries for the Nanaimo Cycling Network within the 5 years (see the Nanaimo Transportation Master Plan and 5 Year Capital Plan Update). Furthermore, the lot is close to shopping centres, trendy restaurants and coffee shops, office and government buildings, city hall, parks, walking distance to Old City Quarter, easy access to Vancouver Island University and minutes from Departure Bay. Don't miss out on this rare opportunity to own land at the heart of an increasingly attractive downtown core.

Property Details

  • ID: 411285
  • Storeys: 0
  • County: Canada
  • Style: Other
  • New Construction: No
  • Status: Active
  • Lot Area: 6,098.00 Square Feet


Other Fireplace Present - False
Transaction Type For sale
Listed By Magsen Realty Inc.