1840 Stewart Ave, NANAIMO

$3,950,000

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Currently offered for sale redevelopment land on foreshore lease with holding income from multiple commercial and residential tenancies. Located adjacent to the BC Ferry Departure Bay Terminal, immediately beside a Sea Plane Terminal and on a transition node of the Trans Canada Highway. This property truly is at hub of transportation. The surrounding area is under development featuring restaurants, pubs, parks and a pedestrian seawall. With the current zoning, permitted uses as per City of Nanaimo Bylaw, include but are not limited to; active marine uses, such as ship yards, fishing fleet support, float homes, moorage and water-based transportation. Marine retail, tourism, and recreational activities will also be permitted. Medium density residential development will also be permitted in this zone and supports a building height of up to four storeys.

Essential Information
MLS® #430232
Price$3,950,000
TypeCommercial
Sub-TypeBuilding and Land
StatusActive
Community Information
Address1840 Stewart Ave
AreaZ4 Brechin Hill
CityNANAIMO
ProvinceBC
Postal CodeV9S 4E6
Office

Sutton Group-West Coast Realty (Nan)

Property History
Price Reduced from $4,495,000 to $3,950,000

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