535 Nicol St, Nanaimo, BC V9R 4T5
535 Nicol St, Nanaimo, BC V9R 4T5
535 Nicol St, Nanaimo, BC V9R 4T5
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Listing by Jason Winton Colliers International (Nan)
$2,600,000
Est. payment /mo
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0.6 Acres Lot
Active

535 Nicol St Nanaimo, BC V9R 4T5

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Kyle Kerr PREC

Kyle Kerr PREC

+1(250) 818-5595

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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1046245

HOA Y/N No

Annual Tax Amount $9,073

Tax Year 2026

Lot Size 0.600 Acres

Acres 0.6

Property Sub-Type Multi Family

Property Description

Colliers is pleased to offer for sale 535 Nicol Street, a 26,397 SF multifamily development site in Nanaimo, BC, ideally located near the waterfront and downtown, with convenient access to University Village Mall and Port Place Mall. The property is development-ready, having been rezoned to Residential Corridor (COR1) from R1 and COR3, allowing for a six-story building (up from the previous four-story limit) and a Floor Area Ratio (FAR) of up to 2.90 (previously 1.50). This rezoning process, completed by the vendor over 20 months, saves significant time and costs for the new owner. Additionally, the vendor has consolidated the properties at 120 Needham Street and 515, 535, 545, and 575 Nicol Street into a single parcel at 535 Nicol Street. Conceptual plans for a six-story, 127-unit development are available upon request

Location

Province BC

County Nanaimo, City Of

Community Na Old City

Area Nanaimo

Zoning COR1

Interior

Fireplace No

Exterior

Parking Features On Site

View Y/N false

Garage No

Others

Ownership Freehold

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

NEARBY SCHOOLS & PROPERTIES

Initium Real Estate Ltd

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A 4B1

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535 Nicol St