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$399,000
1013192 MLS
Discover the perfect canvas for your dream home on this approx.1/4 acre lot! Located near Departure Bay Beach and backing onto Woodstream Park, this lot offers a unique blend of privacy and convenience. Only 2 mins walk to Departure Bay school and 5 mins to beach and oceanside cafes. Experience ultimate privacy with no neighbors behind – just the soothing sounds of Departure Bay Creek. The ideal topography makes it perfect for a main-level entry home. A 1990s home was removed, but the usable foundation, municipal water supply, and drainage system offer significant savings in construction costs. Consider the original floor plan for added savings and expedited building permits. Both 2D and 3D floor plans are available for your convenience. All data and measurements are approximate; verify for fundamental details. Seize this opportunity to build your dream home in a prime location!

3111 Departure Bay Rd, Nanaimo

Courtesy of eXp Realty (NA)

$399,000
996515 MLS
Approved Development Opportunity10 residential+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 floor plans are up to 1000 sq/ft.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.Measurements approximate to be verified

450B Irwin St, Nanaimo

Courtesy of Real Broker

$399,000
996508 MLS
Approved Development Opportunity10 residential+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 floor plans are up to 1000 sq/ft.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.Measurements approximate to be verified

460 Irwin St, Nanaimo

Courtesy of Real Broker

$399,000
985165 MLS
Attention Builders and Investors: Opportunity in the Heart of Nanaimo’s University District! 585 Hillcrest St. This is your chance to purchase an R5 Lot to build up to a 4 Plex. This 4550 sq. ft parcel of vacant land is ready for your ideas and development. This lot boasts excellent laneway access and is located just a short walk from VIU, a prime area for rental demand. And there’s more—there is also 2 more separate lots and PIDS available under a separate MLS listing. This unique offering is a true income generator as you navigate the permitting process. Lot 1: A 6,457 sq. ft. property featuring a rentable home that is currently vacant—perfect for immediate revenue potential. Lot 2: A 4,525 sq. ft. parcel of vacant land, ready for development. Presenting the rare opportunity to create a 3 lot, 12-unit Project. Whether you’re looking to build, develop, or invest, this is a strategic acquisition you don’t want to miss! All measurements are approximate

585 Hillcrest Ave, Nanaimo

Courtesy of Real Broker

$385,000
1044578 MLS
Rare opportunity to acquire one or both of these prime building lots, ideally located just a short walk from Nanaimo Regional General Hospital. Situated on a quiet no-through road with peaceful rear-lane access, the properties offer privacy, convenience, and excellent development potential. Zoned R5, the lots provide a range of residential development possibilities for builders, investors, or those looking to create a custom home. The existing residence currently straddles both properties; it has been professionally remediated and will be removed by the seller, leaving an excellent building site ready for your vision. Purchase one lot or secure both for even greater potential. Opportunities like this are rarely available in such a desirable and convenient location. Buyers should verify all development possibilities and requirements with the City of Nanaimo.

1305 Waddington Rd Unit #Lot 2, Nanaimo

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

$385,000
1044575 MLS
Rare opportunity to acquire one or both of these prime building lots, ideally located just a short walk from Nanaimo Regional General Hospital. Situated on a quiet no-through road with peaceful rear-lane access, the properties offer privacy, convenience, and excellent development potential. Zoned R5, the lots provide a range of residential development possibilities for builders, investors, or those looking to create a custom home. The existing residence currently straddles both properties; it has been professionally remediated and will be removed by the seller, leaving an excellent building site ready for your vision. LOT 1 - Corner of Oakley & Waddington. Purchase one lot or secure both for even greater potential. Opportunities like this are rarely available in such a desirable and convenient location. Buyers should verify all development possibilities and requirements with the City of Nanaimo.

1305 Waddington Rd Unit #Lot 1, Nanaimo

Courtesy of Royal LePage Nanaimo Realty (NanIsHwyN)

$385,000
1039947 MLS
Priced below BC Assessed Value! Build your dream home and enjoy unobstructed views over the ocean with the back-drop of Mt. Garibaldi (Whistler)! XL 6600 square foot lot & R5 (high-density) zoning provides ample space for your dream home and suite for your mortgage helper. R5 Zoning enables you to dream and build big. Buy and hold for when you're ready to build your foundation for generational wealth! This premium lot in North Nanaimo's Hammond Bay area is "The Address." This Laguna Way property backs on to protected parkland - an essential added bonus for privacy and tranquility. Surrounded by affluence and close to walking trails, parks, transit, excellent schools including École Hammond Bay, shopping, Costco, highways and beaches. Measurements from BC Assessment; buyers to verify if fundamental to the purchase. GST is applicable

4734 Laguna Way, Nanaimo

Courtesy of Stonehaus Realty Corp.

$385,000
1039943 MLS
Listed below BC Assessed Value!! One of the best remaining lots for your future development goals. R5 Zoning enables you to dream and build big. Buy and hold for when you're ready to build your foundation for generational wealth! Bask in the breathtaking ocean views over Neck Point and Rocky Point parks. This lifestyle location affords you the chance to get on the water in your kayak or paddleboard before the kids get up for school. This terrific lot backs on to protected parkland giving you privacy. Extra large lot with potential for a three-storey building with a suite. Carpe diem for your future dream-home! Steps from a walkway trail to the best of Nanaimo's schools including École Hammond Bay. Shopping, Costco, highways, transit, parks and trails are all in close proximity. Measurements from BC Assessment; buyers to verify if fundamental to the purchase. GST is applicable

4730 Laguna Way, Nanaimo

Courtesy of Stonehaus Realty Corp.

$375,000
1023350 MLS
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

223 Victoria Rd, Nanaimo

Courtesy of Real Broker

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