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$525,000

223 Victoria Rd, Nanaimo, BC, V9R 4P7

MLS® # 988729

Property Information:

223 Victoria Road presents a rare and highly strategic multi-family development opportunity in Nanaimo. Unlike the large-scale multi-family projects that dominate the market and require substantial working capital, this approved four-unit townhouse-style complex offers a more accessible entry point for builders while maintaining strong investment potential. The property is ideally situated within walking distance of downtown and central shopping, ensuring long-term desirability.This project features a unique mix of residential and live-work spaces. The standout unit is a rare live-work design with a 521 sq. ft. ground-floor office space that connects via an internal staircase to a two-bedroom, 774 sq. ft. residential unit above.The second level also has a separate exterior entrance, maximizing functionality and rental appeal.The remaining three units are well-designed two-bedroom residences of approximately 820 sq/ft.,each with a private outdoor deck and townhouse-style exterior access

Property Features:

  • Annual Tax Amount: $1,809
  • Lot Frontage: 4760 Square Feet
  • Lot Size: 4760.00 Square Feet
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Unimproved Land

Courtesy of: RE/MAX of Nanaimo

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 223 Victoria Rd, Nanaimo, BC, V9R 4P7

Demographic Information of 223 Victoria Rd, Nanaimo, BC, V9R 4P7

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,901.40

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.47 %

High school certificate or equivalent

33.45 %

Apprenticeship trade certificate/diploma

9.32 %

College/non-university certificate

18.58 %

University certificate (below bachelor)

0.95 %

University Degree

15.23 %

Commuter

Travel To Work

By Car

75.69 %

By Public Transit

8.89 %

By Walking

8.84 %

By Bicycle

0.03 %

By Other Methods

6.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.9 %

Houses

75.1 %

Own Vs. Rent