223 Victoria Rd, Nanaimo

Type: Lots and Land
Added: 6 months ago
Updated: 2 weeks ago
Last Checked: 1 week ago
Listed by: REMAX Professionals
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Listing description
This Vacant Lot at 223 Victoria Rd Nanaimo, BC with the MLS Number 988729 listed by Kelly Whitton - REMAX Professionals on the Nanaimo market 6 months ago at $424,900.

223 Victoria Road presents a rare and highly strategic multi-family development opportunity in Nanaimo. Unlike the large-scale multi-family projects that dominate the market and require substantial working capital, this approved four-unit townhouse-style complex offers a more accessible entry point for builders while maintaining strong investment potential. The property is ideally situated within walking distance of downtown and central shopping, ensuring long-term desirability. This project features a unique mix of residential and live-work spaces. The standout unit is a rare live-work design with a 521 sq. ft. ground-floor office space that connects via an internal staircase to a two-bedroom, 774 sq. ft. residential unit above. The second level also has a separate exterior entrance, maximizing functionality and rental appeal. The remaining three units are well-designed two-bedroom residences of approximately 820 sq. ft., each with a private outdoor deck and townhouse-style exterior access. A key highlight of this development is the shared rooftop deck, offering exceptional ocean views of Nanaimo Harbour. With a total project size of 4,728 sq. ft., this development strikes the perfect balance between financial feasibility and high-quality urban living. The approved plans allow for an efficient and profitable build, making it an ideal opportunity for both small and mid-sized developers. 223 Victoria Road is a rare chance to bring a modern, adaptable multi-family project to market in a prime location. With approvals in place and a compelling design, this is a project that stands out in Nanaimo’s evolving real estate landscape. Serious inquiries are welcome. (id:1945)

Exterior & Lot Features Learn about the exterior and lot specifics of 223 Victoria Rd

Lot Size Units: square feet
Lot Size Dimensions: 4760

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Nearby Listings Stat Estimated price and comparable properties near 223 Victoria Rd

Active listings

331

Min Price

$55,000

Max Price

$3,750,000

Avg Price

$721,626

Days on Market

66 days

Sold listings

Min Sold Price

$138,000

Max Sold Price

$7,403,000

Avg Sold Price

$747,940

Days until Sold

67 days

Nearby Places Nearby schools and amenities around 223 Victoria Rd

Firehouse Grill (0.7 km)
7 Victoria Rd, Nanaimo

Mambo Gourmet Pizza (0.8 km)
16 Victoria Crescent, Nanaimo

ACME FOOD CO (0.9 km)
14 Commercial St, Nanaimo

The Keg Steakhouse & Bar - Nanaimo (1 km)
350 Robson St, Nanaimo

Mon Petit Choux (1.1 km)
101 Commercial St, Nanaimo

Bistro Taiyo Japanese Restaurant (1.1 km)
321 Wesley St, Nanaimo

Asteras (1.1 km)
347 Wesley St, Nanaimo

Tina's Diner (1.2 km)
187 Commercial St, Nanaimo

Modern Cafe (1.2 km)
221 Commercial St, Nanaimo

Thrifty Foods (0.9 km)
650 Terminal Ave, Nanaimo

Nanaimo Museum (1 km)
100 Museum Way, Nanaimo

Oxy Pub & Liquor Store (1.1 km)
432 Fitzwilliam St, Nanaimo

Gina's Mexican Cafe (1.5 km)
47 Skinner St, Nanaimo

Price History

Listed

March 4, 2025

by REMAX Professionals

Lots and Land For Sale

$424,900

223 Victoria Rd, Nanaimo

Listing description This Vacant Lot at 223 Victoria Rd Nanaimo, BC with the MLS Number 988729 listed by Kelly Whitton - REMAX Professionals on the Nanaimo market 6 months ago at $424,900.

Nearby Listings Stat Estimated price and comparable properties near 223 Victoria Rd

Nearby Places Nearby schools and amenities around 223 Victoria Rd

Price History

Similar Vacant Land For Sale

Listing description
This Vacant Lot at 223 Victoria Rd Nanaimo, BC with the MLS Number 988729 listed by Kelly Whitton - REMAX Professionals on the Nanaimo market 6 months ago at $424,900.