1840 STEWART AVE NANAIMO

Brechin Hill neighbourhood of Nanaimo British Columbia Canada V9S 4E6
$4,495,000

1840 STEWART AVE NANAIMO

  • Price: $4,495,000
  • MLS Number: 430232
  • Property Type: Building and Land (Commercial)

Currently offered for sale redevelopment land on foreshore lease with holding income from multiple commercial and residential tenancies. Located adjacent to the BC Ferry Departure Bay Terminal, immediately beside a Sea Plane Terminal and on a transition node of the Trans Canada Highway. This property truly is at hub of transportation. The surrounding area is under development featuring restaurants, pubs, parks and a pedestrian seawall. With the current zoning, permitted uses as per City of Nanaimo Bylaw, include but are not limited to; active marine uses, such as ship yards, fishing fleet support, float homes, moorage and water-based transportation. Marine retail, tourism, and recreational activities will also be permitted. Medium density residential development will also be permitted in this zone and supports a building height of up to four storeys.

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Listing Brokerage: Sutton Group-West Coast Realty (Nan)

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