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.
Address
450 B Irwin St
List Price
$449,000
Property Type
Commercial Sale
Type of Dwelling
Unimproved Land
Area
Nanaimo
Sub-Area
Na South Nanaimo
Lot Size
6204 Sq. Ft.
Lot Size (Acres)
0.14 Ac.
MLS® Number
996514
Listing Brokerage
RE/MAX of Nanaimo
Postal Code
V9R 4X2
Tax Year
2024
Amenities
Central Location, Cleared, Corner Lot, Easy Access, Level, Marina Nearby, Recreation Nearby, Rectangular Lot, Southern Exposure, See Remarks