I have sold a property at 440 Prideaux St in Nanaimo on Apr 30, 2024. See details here
DEVELOPMENT OPPORTUNITY! This prime location in the city's Old City Quarter, zoned DT8, offers excellent potential and opportunity. City says a max height of building at 10.5m w/possibility for a variance to go higher, depending on the plan. If ONLY residential, max gross floor area ratio is lot square footage x .85. If commercial units (need 25%) are included on ground floor to qualify as MIXED USE, you add in .15 to get to 1.0 total. Huge potential here with up to about 30 units possible. Buyer to do own due diligence regarding full development potential. All measurements and data are approximate and should be verified if deemed important.
