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Nanaimo 0.4-acre land assembly sells for $1.69 million

The land in Vancouver Island city ‘s south end is seen as a prime for residential development.
575 Nicol street nanaimo jpg
Fraser Elliott, Vancouver , for Western Investor

Property type: Development land

Location: 535-545 Nicol Street, 575 Nicol Street and 120 Needham Street, Nanaimo, B.C.

Land size: 19,034 square feet

Land size in acres: 0.04 acres

Zoning; Potential for 4-6 wood-frame residential redevelopment

List price $1.69 million

Sale price: $1.65 million

Date of sale: September 1, 2022

Brokerages: Fraser Elliott, Vancouver (listing agent) and The Firm Real Estate Service, Vancouver

Broker: Fraser Elliott