10.00 ACLand / OtherContactSale
10.00 AC
Land / Other
Sale
Kevin Sojoodi
NAI Commercial BC
Download Brochures
• Potential for Large Scale Mixed-use development • High Visibility • Excellent access/egress to/from Island Hwy & Transit • Close to Amenities and Schools NAI Commercial is pleased to present the opportunity to acquire an 10 acre mobile home park with 51 fully leased pads and massive redevelopment potential. The property is currently zoned R12 (Mobile Home Park Residential) with a land use designation in the OCP for Secondary Urban Center which allows heights up to 12 storeys and 200 units per hectare of mixed-use commercial and residential. The property is located strategically off Island Highway at Twelfth Street.
The Property
Available Space10.00 AC
Net Operating Income$300000
Property UseInvestment property
ZoningR12 Mobile Home Park Residential
SourceDirect
Highway Access
The Lot
Nanaimo is growing fast with a population of 108,000 and projecting 140,000 by 2031. Based on the current growth, Nanaimo needs approximately 12,000 new housing units by then. This property is located strategically, close to all amenities and schools, next to Sandstone Masterplan development. The area is one of the only areas in the OCP designated for Urban Center.
Property TypeLand / Other
Lot Size10.00 AC
Up to $500K for British Columbia businesses
Need help paying suppliers, covering renovation and repair costs, or hiring new employees? Merchant Growth has flexible financing solutions for any situation.
