1421 Princess Royal Ave

A rare opportunity in today's market for you to own your very own income producing apartment building or sell as condos. Project includes two ocean view legal lots totaling almost a quarter acre of land with ocean views of New Castle Channel, incredible walkability to amenities, grocers, seawall plus a fresh Development Permit in hand making this a turn-key opportunity in the sought after Brechin Hill area. Situated with close proximity to Nanaimo Waterfront Walkway, numerous vibrant marinas, BC Ferries, seaplanes, Terminal Park Plaza, and a short stroll to local downtown cafes, restaurants, pubs and shops, this development property is the ideal site to build on. The current approved plans offer over 15,000 sqft of finished interior space set over 4 floors, with 16 units including a mix of 1 bedroom, 1 bedroom and den and 2 bedroom homes. There is currently a small house on the property with alley access on the low side making parking access easy and practical using the natural grade and contours of the land. This property is zoned R-8, Medium Density Residential. Call or email Sean McLintock 250-729-1766 or [email protected] for an information package today. Video and more info available at mclintockmarketing.com (All measurements are approximate and info should be verified by the purchaser if important)