550 BRECHIN ROAD NANAIMO

Brechin Hill neighbourhood of Nanaimo British Columbia Canada V9S 2X1
$1,200,000

550 BRECHIN ROAD NANAIMO

  • Price: $1,200,000
  • MLS Number: 456989
  • Property Type: Land Only (Commercial)

This Multi – family, residential development property is located at the corner of Brechin Road and Beach Drive; adjacent to Stewart Avenue and the Departure Bay Ferry terminal. R8 zoning allows for medium – density, multiple family housing. Construction of a condominium development of up to 51 units had been considered. The property is 1.3 acres in area. Any development on the property will provide water views of Departure Bay overlooking the ferry terminal. The property is walking distance to Terminal Park Mall and to downtown Nanaimo along Stewart Avenue and the Waterfront Walkway. Residents will have easy access to Newcastle Channel and Newcastle Island via the nearby public boat launch. The surrounding area is composed predominantly of single family homes, with waterfront commercial businesses along the south side of Stewart Avenue.

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Listing Brokerage: NAI Commercial Central Vancouver Island Ltd.

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