223 Victoria Rd, Nanaimo, BC

$449,000

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0.11

Acres

About 223 Victoria Rd

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

Features of 223 Victoria Rd

MLS® # 988729
Price $449,000
Acres 0.11
Type Commercial Sale
Sub-Type Unimproved Land
Status Active

Community Information

Address 223 Victoria Rd
Area Na Old City
City Nanaimo
County Nanaimo, City of
Province BC
Postal Code V9R 4P7

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No

Additional Information

Date Listed March 4th, 2025
Days on Market 127

Listing Details

OfficeRE/MAX of Nanaimo

Listing Map

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