Houses For Sale in Gillespie Street, Nanaimo

This centrally located commercial property boasts 1830 sq ft across 2 levels, ample parking, and a commercial advertising sign. The versatile DT-12 zoning allows for various uses, including office space, retail, and more. The property includes 5 offices upstairs with ocean views and 2 more offices downstairs with separate entrance.

This is a development project opportunity for a 4-unit (2 stories/ 2000 sq feet each) upscale townhouse project with underground parking. Preliminary architectural drawings, all engineering, and zoning resolution have already been prepared. An existing concrete structure worth $1m+ is in place. Estimated resale of each townhouse is $800,000- $990,000 each as of Feb 2024. Direct ocean views. Walking/ cycling distance to downtown Nanaimo and new Vancouver passenger ferry service. Easy access by car to BC Ferries, the Trans-Canada Hwy, and the airport.