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$3,500,000

155 Fry St, Nanaimo, BC, V9R 0H6

MLS® # 992831

Property Information:

Introducing an unparalleled investment opportunity at 155 Fry St in the dynamic Harbour View District. This prime 58 high-quality residential units, 0.79-acre development site offers a turnkey project with a building permit ready for immediate pick-up, enabling construction of a five-story multi-family building complete with an underground parkade. The development features a 1,825-square-foot commercial space, strategically designed to capture stunning ocean views and benefit from its short walking distance to downtown amenities and waterfront attractions. With comprehensive analysis, planning, procurement, and permit processes fully completed, investors can transition directly to development with confidence. Modern conveniences including EV charging, bike storage, and secure parking, along with a five-year tax exemption in a revitalized downtown setting, make this a uniquely attractive opportunity for sustainable urban living.

Property Features:

  • Bedrooms: 0
  • Bathrooms: 0
  • Annual Tax Amount: $11,969
  • Heating: Natural Gas
  • Lot Features: Adult-Oriented Neighbourhood, Central Location, Cleared, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Gated Community, Level, Marina Nearby, Park Setting, Private, Quiet Area, Rural Setting, Serviced, Sloped
  • Lot Frontage: 34444 Square Feet
  • Lot Size: 0.79 Acres
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Condition: Contact List Licensee
  • Property Sub Type: Land
  • Road Surface Type: Paved
  • Utilities: Cable Available, Electricity Available, Natural Gas Available, Underground Utilities
  • View: Mountain(s)
  • Water Source: Municipal
  • Zoning: COR 2
  • Zoning Description: Residential/Commercial
  • Sewer: Sewer Available
  • No. of Parking Spaces: 0

Courtesy of: Sutton Group-West Coast Realty (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Location of 155 Fry St, Nanaimo, BC, V9R 0H6

Demographic Information of 155 Fry St, Nanaimo, BC, V9R 0H6

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$92,696.84

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

10.75 %

High school certificate or equivalent

37.93 %

Apprenticeship trade certificate/diploma

9.27 %

College/non-university certificate

16.28 %

University certificate (below bachelor)

3.08 %

University Degree

22.69 %

Commuter

Travel To Work

By Car

75.81 %

By Public Transit

6.32 %

By Walking

15.7 %

By Bicycle

0.93 %

By Other Methods

1.24 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

48.98 %

Houses

51.02 %

Own Vs. Rent