840 Victoria Rd
Nanaimo, British Columbia
MLS® 1044493
$395,900
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 1044493
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- —
1 / 13Listing description
**Builders & Investors Alert! ** Exceptional development opportunity in the heart of South Nanaimo. This flat 50' x 120' lot offers laneway access, full municipal services to the lot line, and is zoned **R5**, providing outstanding flexibility under current BC housing legislation.
Potential exists to build up to **four residential units**, including options for two single-family homes with suites, duplex-style development, or the addition of a coach or carriage home, subject to municipal approvals. Whether you're a builder, investor, or planning your own custom home with future income potential, this property offers outstanding value in one of Nanaimo's fastest-growing neighbourhoods. The level lot enjoys excellent sun exposure, partial fencing, and convenient access from both Victoria Road and the rear lane, creating flexibility for parking and future site design.
Ideally positioned just minutes from schools, parks, walking trails, shopping centres, restaurants, downtown Nanaimo, and all of Chase River's amenities. Commuters will appreciate the quick access to the Island Highway, BC Ferries, Harbour Air seaplanes, Hullo passenger ferry, and Nanaimo Airport. Nanaimo continues to experience strong population growth, ongoing infrastructure investment, and increasing housing demand, making this an attractive buy-and-hold investment or immediate development opportunity.
Best of all, **there is no GST when building your principal residence**, providing additional value for owner-builders. For a complete information package, development information, zoning details, or property video, contact Sean McLintock with RE/MAX Professionals at 250-729-1766 or sean@seanmclintock. com, or visit macrealtygroup.
ca (All info and date should be verified if important) *All measurements, lot dimensions, zoning, development potential and other information are deemed reliable but should be independently verified by purchasers if fundamental to their decision. *
Property summary
- MLS® number
- 1044493
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 6054 square feet
- Annual property taxes
- $2,176.46
- Parking
- 4 spaces
- Days on market
- 33 days
Features & details
- Lot features
- Central location, Level lot, Southern exposure, Partially cleared, Other, Rectangular, Marine Oriented
- View
- City view, Mountain view
What would this home cost you?
Based on the $395,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REMAX Professionals (NA), Nanaimo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.