Property Description
Opportunity to start construction quickly and complete this development to meet demand in an under-served housing market. 2202 Meredith Road has successfully been rezoned to Townhouse Residential (R6), specifically tailored for an 8-unit multi-family project. The property and architectural designs offer a near shovel-ready opportunity in Nanaimo’s sought-after missing middle housing sector.
The lot has City approval for development of eight townhouses. The eight-townhouse development conforms to zoning and Nanaimo ReImagined, (Official Community Plan).
The eight-unit townhouse development plan contains two duplex buildings and one four-plex building. Units are a mixture of two and three storeys with grade level garages Townhouses range in size from 1,177 square feet to 1,469 square feet. Gross building area is 13,108 square feet (including garages).
Property Details
MLS #:
1043346
ID #:
31780524
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na Central Nanaimo
Status:
Active
Lot Size:
0.36 acres
Property Tax:
$4,339 (2025)
Days on Market:
67 days
Listing provided by NAI Commercial (Victoria) Inc.
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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