460 Irwin St, Nanaimo
Approved Development Opportunity – South Nanaimo 10 Townhouse like condos + 2 Commercial Units. Located in vibrant South Nanaimo, 450 & 460 Irwin Street offer a rare and ready-to-go development opportunity. Centrally positioned within walking distance to the scenic seawall and convenient shopping, this property combines an excellent location with an already-approved vision for the future. The project has a Development Permit approved by the City of Nanaimo for two multi-family buildings, each thoughtfully designed with five residential units + one CRU. Building A and Building B are mirror images, and the layout includes Unit 1: 1,000 sf + balcony (2 bedrooms), Unit 2: 758 sf + balcony (1 bedroom), Unit 3: 485 sf (1 bedroom), Unit 4: 660 sf + balcony, Unit 5: 660 sq ft + balcony + commercial space. The innovative design ensures appropriate parking for residents and supports much-needed ''missing middle'' housing — a critical type of housing that bridges the gap between single-family homes and larger apartment complexes. This is a prime opportunity to step into a project that aligns with Nanaimo’s growing demand for diverse, attainable housing. (id:62865)
Status
Active
Property Type
Vacant Land
Ownership
Freehold
Annual Tax
$6,971
Zoning
Other
Parcel Number
004-150-881
Data Source
Vancouver Island Real Estate Board
Bedrooms
0
Bathrooms
0
Lot Size
6201.0 sqft
$399,000
Office
REMAX Professionals (NA)
Loan Amount:
$319,200
Estimated Monthly Payment:
$1,556
This is an estimate for informational purposes only. Consult with a financial advisor.
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