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501 PRIDEAUX NANAIMO
OTHER neighbourhood of Other British Columbia Canada V9R 2N8
$1,324,900
501 PRIDEAUX NANAIMO
Price: $1,324,900
MLS Number: 937688
Property Type: Single Family
DEVELOPMENT PERMIT APPROVED! Site in Nanaimo’s Old City Quarters for 24 Units. Offering immense potential for developers/investors. This sought-after location has received Development Permit approval in February 2023, putting it ready for the Building Permit stage. This saves time & resources, allowing construction to begin now. The property enjoys a central location, providing convenient access to local amenities, shops, restaurants, & the new fast passenger ferry from Downtown Nanaimo – Downtown Vancouver in 70 minutes! With a mix of 1 bed, 1 bed+den, and 2-bed suites, this building caters to a range of housing needs. This development represents excellent value in 1 of the 5 fastest-growing cities in Canada, which is currently experiencing a major housing shortage. Be a part of the solution and benefit by getting into the market before it’s too late. With a preferred completion date of early 2024, this opportunity won’t last long. Don’t miss out on this prime development opportunity.