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15 Front St
Nanaimo, BC V9R 5H9
Land For Sale
·
0.29 AC
INVESTMENT HIGHLIGHTS
- Prime Location: Situated in Nanaimo’s growing downtown waterfront district, a high-demand area with a 10.3% population growth since 2016.
- Proven Suitability: A previous application proposed a six-story hotel, reinforcing the site’s viability for substantial development.
- Strong Development Potential: Zoned DT5 with a 3.3 FAR and 100% lot coverage, allowing flexibility for mid-rise commercial or mixed-use projects.
EXECUTIVE SUMMARY
NAI is pleased to present 15 Front Street, this prime vacant development site offers an exceptional opportunity in the heart of Nanaimo’s downtown waterfront district. The property benefits from its strategic position in a city experiencing significant growth. According to the 2021 Census, Nanaimo’s population reached 99,863, marking a 10.3% increase from 2016, surpassing both the provincial growth rate of 7.6% and the national average of 5.2%. This upward trend underscores Nanaimo’s appeal as a vibrant and expanding community, making it an attractive destination for residents and businesses alike.
The property at 15 Front Street is zoned DT5, with a site-specific density to accommodate a maximum Floor Area Ratio (FAR) of 3.3, allowing for substantial development potential. The zoning permits 100% lot coverage, providing flexibility in site utilization. A previous development application for this site proposed a six-story hotel, indicating the property’s suitability for mid-rise commercial or mixed-use projects. Developers have the opportunity to capitalize on the site’s zoning allowances to create a landmark development in Nanaimo’s thriving downtown core.
The property at 15 Front Street is zoned DT5, with a site-specific density to accommodate a maximum Floor Area Ratio (FAR) of 3.3, allowing for substantial development potential. The zoning permits 100% lot coverage, providing flexibility in site utilization. A previous development application for this site proposed a six-story hotel, indicating the property’s suitability for mid-rise commercial or mixed-use projects. Developers have the opportunity to capitalize on the site’s zoning allowances to create a landmark development in Nanaimo’s thriving downtown core.
PROPERTY FACTS
| Sale Type | Investment | Property Subtype | Commercial |
| No. Lots | 1 | Proposed Use | Commercial |
| Property Type | Land | Total Lot Size | 0.29 AC |
| Zoning | DT5 - Site-specific density to accommodate a maximum Floor Area Ratio (FAR) of 3.3, allowing for substantial development potential. | ||
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Commercial |
| Total Lot Size | 0.29 AC |
| Zoning | DT5 - Site-specific density to accommodate a maximum Floor Area Ratio (FAR) of 3.3, allowing for substantial development potential. |
1 LOT AVAILABLE
Lot
| Lot Size | 0.29 AC |
| Lot Size | 0.29 AC |
NAI presents 15 Front Street, a prime vacant site in Nanaimo’s growing downtown waterfront. With a 10.3% population increase since 2016, it offers strong development potential in a city outpacing provincial and national growth rates.
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