Attention Builders & Investors – Profitable Development Opportunity!
Here’s your chance to secure an affordable, flat, and sun-drenched 50' x 120' vacant lot just 5 minutes from all the key amenities in South Nanaimo and Chase River. With full services to the lot line and dual access via Victoria Rd and a rear laneway, this property offers incredible versatility for your next project.
Zoned R5, this lot is eligible under new BC legislation to accommodate up to 4 units—ideal for two full homes with secondary suites or a main residence plus a carriage home. Whether you're a developer or a savvy investor looking to build equity and generate rental income, this is a golden opportunity to build in a rapidly growing area.
Enjoy the convenience of nearby schools, shopping, and transit in a location that balances urban access with a neighborhood feel.
Measurements and data are approximate; buyers to verify if important. Don't miss out—your next income-generating project starts here!
Address
840 Victoria Rd
List Price
$395,900
Property Type
Residential
Type of Dwelling
Land
Transaction Type
sale
Area
Nanaimo
Sub-Area
Na South Nanaimo
Lot Size
6054 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
MLS® Number
1003429
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Postal Code
V9R 4R8
Tax Amount
$1,892.57
Tax Year
2024
Amenities
Central Location, Cleared, Easy Access, Level, Marina Nearby, Recreation Nearby, Serviced, Shopping Nearby, Sidewalk, Southern Exposure, Square Lot