C$1,250,000

447,449&455 Nicol St, Nanaimo BC, V9R 4T5

Price per sqftN/A

Property typeCommercial

Courtesy of Sotheby's International Realty Canada (Vic2)

Overview

Active

Listed May 4, 2026

Updated May 29

For sale: 427, 449 & 455 Nicol Street, Nanaimo, B.C. (the "Subject Site") — a compelling opportunity to acquire a Development Permit-ready multifamily site in one of Nanaimo's most rapidly transforming neighbourhoods. The Subject Site comprises three contiguous lots totaling 17,692 SF (0.41 acres) with 160+ feet of frontage on Nicol Street. Zoned COR3 Community Corridor, the plans designed by Stantec Architecture for a 4-storey, 35-unit purpose-built rental building. The unit mix comprises 8 micro-studios, 15 one-bedroom units, and 12 two-bedroom units. The Subject Site is a five-minute drive to downtown Nanaimo, Port Place Mall, and the Harbourfront Walkway, and ten minutes to Vancouver Island University and BC Ferries terminals.

Additional information

MLS^® ID: 1036107

Interior Features

Basement: No

Exterior Features

Lot Size: 0.4 Acres

Other Property Details

Taxes: $5,007
Tax Frequency: Annually
View: Yes

Courtesy of Sotheby's International Realty Canada (Vic2), Adam Sandhu

Listing Contact: 250-710-2277

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