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15 Front St

Nanaimo, BC V9R 5H9
  • $4,980,000
  • STATUS: Active
  • ON SITE: 342 days
  • MLS #: 852204
UPDATED: 32 min ago
$4,980,000
  • 0
    BEDS
  • 0.29
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighbourhood:
Type:
Commercial
Area:

Description

This will be a new iconic building in Downtown Nanaimo by the water! The DT5 zoning allows various developments, including hotel, condo, and mixed commercial and residential use. The floor area ratio is 3.3, the lot coverage ratio is 100%, and the maximum height allowed is 19.8m. No parking required for a hotel building at this location. The city has indicated the potential to increase density and height. A plan for a proposed 89 room hotel was approved for building permit, and many other options are waiting. The Seller is open for a joint venture with a qualified buyer.

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http://www.vreb.org/vreb/VREBReciprocityProgram.html

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Call Victoria Home | Sutton Group-West Coast Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-07-26T16:22:03.21.
www.callvictoriahome.com/homes/109098819
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15 Front St Nanaimo, BC V9R 5H9

  • Price: $4,980,000
  • Status: Active
  • Updated: 32 min ago
  • MLS #: 852204
0
Beds
0
Baths
0
½ Baths
0.29
Acres
Neighbourhood:
Na Old City
Area:
Nanaimo
School District:
Nanaimo Regional District
Property Description
This will be a new iconic building in Downtown Nanaimo by the water! The DT5 zoning allows various developments, including hotel, condo, and mixed commercial and residential use. The floor area ratio is 3.3, the lot coverage ratio is 100%, and the maximum height allowed is 19.8m. No parking required for a hotel building at this location. The city has indicated the potential to increase density and height. A plan for a proposed 89 room hotel was approved for building permit, and many other options are waiting. The Seller is open for a joint venture with a qualified buyer.
Exterior Features

Entry Location Main Level Lot Features Central LocationClearedCorner LotEasy AccessLevelMarina NearbyServicedShopping Nearby View Ocean View YN Yes Waterfront YN No

Interior Features

Fireplace YN No Heating YN No

Property Features

Ownership Freehold Pets Allowed Yes Property Sub Type Unimproved Land Rental Allowed Unrestricted Sewer Sewer To Lot Tax Annual Amount 0 Tax Jurisdiction City Of Nanaimo Tax Year 2019 Water Source Municipal Youngest Age Allowed 0 Zoning Dt5

Listing provided courtesy of Exp Realty and [CO-OFFICENAME].

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.
http://www.vreb.org/vreb/VREBReciprocityProgram.html

MLS® property information is provided under copyright© by the Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Call Victoria Home | Sutton Group-West Coast Realty. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license. Data last updated: 2021-07-26T16:22:03.21.
 
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