• For sale
SOLD | Nanaimo Mixed-use Development Site
SOLD | Nanaimo Mixed-use Development Site
SOLD | Nanaimo Mixed-use Development Site
Prime 8.91 acres along the Island Highway located just one block from South Parkway Plaza, Southgate Shopping Centre and Country Grocer. The subject property is located between Maki Road and Cedar Road along the Island Highway (Trans-Canada Highway), just six kilometers south of downtown Nanaimo. There are two shopping centres on the west side of Island Highway which include a drug store, grocery store, fitness centre, service station and fast food outlets.

1344 Island Highway South is currently improved with one, two storey single family dwelling with basement. The improvement is in average to good repair and is currently tenanted. According to the OCP, commercial services in mixed-use developments will be encouraged to concentrate along Corridors, together with new multi-unit residential developments and public amenities; however, after discussions with the City of Nanaimo, the site may accommodate a pure commercial development.

Nanaimo is the regional retail and service centre for central and northern Vancouver Island. Other than Victoria, Nanaimo is the major transportation “hub” for travelling between the mainland of British Columbia and Vancouver Island. BC Ferries operates services that travel to and from Departure Bay and Duke Point in Nanaimo to both Tsawwassen and Horseshoe Bay terminals in Metro Vancouver. Nanaimo’s central location has helped the city develop as an important retail, service, transportation and distribution centre for central and northern Vancouver Island

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