€1,753,026 EUR | £1,520,529 GBP | $2,044,040 USD
Type: Commercial-Retail
Land area: 83680 ft2
Agent/Owner:
exp Realty
Cory Chapman
Location: Canada
Speaks: English
Display Phone No.
Advert last updated: 8/11/2025
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565 Brechin Rd, Nanaimo, BC V9S 2X1
This 1.92-acre Oceanview development property in Brechin Hill boasts scenic views of Departure Bay, Newcastle Channel, and Nanaimo Harbour. The City of Nanaimo is open to various rezoning and development options, including a proposed 47-unit development with 15 townhouses and 32-unit apartment building or a previous plan for 24 luxury townhomes with/without suites. Alternatively, subdivide into 10-12 Oceanview lots for single-family homes, duplexes, or multiplexes, subject to city approval. And the Citywide Parking Review is expected to ease parking requirements. Flexible development options allow phased construction of townhouses/ residential lots based on market conditions or financing or leverage attractive CMHC rates for rental apartment construction. Architectural, geotechnical, environmental, and other reports are available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.
Lot features Acreage, Central Location, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Recreation Nearby, Rectangular Lot, Shopping Nearby, Southern Exposure, See Remarks
Parking Spaces 2
Parking Type On Site
Taxes$10,252
Rentals Allowed Unrestricted
Notes:
Courtesy of Sutton Group-West Coast Realty (Nan)
The listing data displayed is deemed reliable but is not guaranteed accurate. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer`s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.
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