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$375,000
British Columbia,Nanaimo
For Sale Active
223 Victoria Rd, Nanaimo, British Columbia V9R4P7
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Basic Details
Description

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. A key highlight of this development is the shared rooftop deck, offering exceptional ocean views of Nanaimo Harbour. With a total project size of 4, 728 sq. ft., this development strikes the perfect balance between financial feasibility and high-quality urban living. The approved plans allow for an efficient and profitable build, making it an ideal opportunity for both small and mid-sized developers. 223 Victoria Road is a rare chance to bring a modern, adaptable multi-family project to market in a prime location. With approvals in place and a compelling design, this is a project that stands out in Nanaimo’s evolving real estate landscape. Serious inquiries are welcome. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1023348
  • Price: $375,000
  • Status: Active
  • Property Sub Type: Vacant Land
  • Office Key: 295087
Address Map
  • Location: CA, British Columbia, Nanaimo, V9R4P7
  • Street: Victoria
  • Street Number: 223
  • Street Suffix: Road
  • Longitude: W124° 3' 53''
  • Latitude: N49° 9' 26.9''
  • Zoning: Unknown
Additional Information
  • Lot Size Dimensions: 4760
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Listing updated: 2026-07-02 23:03:56
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Listing Information
  • List Agent Key: 1993391
  • List Office Key: 295087
  • Modification Timestamp: 2026-06-02T21:10:25Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-06-02T21:03:51Z
Powered by REALTOR.ca
Listing updated: 2026-07-02 23:03:56
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