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15 Front St, Nanaimo, BC, V9R 5H9
MLS® # 852204
Vacant Land For Sale In City Center-Protection Island, Nanaimo, British Columbia
$4,980,000
15 Front St, Nanaimo, BC
  • Advertising
15 Front St, Nanaimo, BC, V9R 5H9
$4,980,000

Property Information:

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.

Property Features:

  • Annual Tax Amount: $0
  • Lot Features: Central Location, Cleared, Corner Lot, Easy Access, Level, Marina Nearby, Serviced, Shopping Nearby
  • Lot Frontage: 12600 Square Feet
  • Lot Size: 12600.00 Square Feet
  • Ownership: Freehold
  • Pets Allowed: Yes
  • Property Sub Type: Unimproved Land
  • View:
  • Water Source: Municipal
  • Zoning: DT5
  • Sewer: Sewer To Lot

Courtesy of: eXp Realty

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Market Price Trends

Location of 15 Front St, Nanaimo, BC, V9R 5H9

Demographic Information of 15 Front St, Nanaimo, BC, V9R 5H9

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$65,544.42

Average Number of Children

0.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

13.75 %

High school certificate or equivalent

29.11 %

Apprenticeship trade certificate/diploma

8.26 %

College/non-university certificate

11.57 %

University certificate (below bachelor)

6.91 %

University Degree

28.99 %

Commuter

Travel To Work

By Car

61.91 %

By Public Transit

6.26 %

By Walking

21.4 %

By Bicycle

0.0 %

By Other Methods

10.43 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

84.9 %

Houses

14.22 %

Own Vs. Rent