Best Vancouver Island Homes
450 B Irwin St
Na South Nanaimo
Nanaimo
V9R 4X2
$399,000
Commercial Sale
- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 996514
- Photos (7)
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Approved Development Opportunity10 residential+2 Commercial Units. Located in vibrant South Nanaimo,450 & 460 Irwin Street offer a rare and ready-to-go development opportunity.Centrally positioned within walking distance to the scenic seawall and convenient shopping, this property combines an excellent location with an already-approved vision for the future.The project has a Development Permit approved by the City of Nanaimo for two multi-family buildings, each thoughtfully designed with five residential units + one CRU. Building A and Building B are mirror images, and the floor plans are up to 1000 sq/ft.The innovative design ensures appropriate parking for residents and supports much-needed "missing middle" housing — a critical type of housing that bridges the gap between single-family homes and larger apartment complexes.This is a prime opportunity to step into a project that aligns with Nanaimo’s growing demand for diverse, attainable housing.Measurements approximate to be verified
- Property Type:
- Commercial Sale
- Type:
- Unimproved Land
- Commercial Type:
- Land
- Lease Type:
- Sale Price
- Close Price Lease Total:
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- Existing Lease Expiry:
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- Listing General Location:
- Na South Nanaimo, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 6,204 sq. ft.576 m2
- Taxes:
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- Ceiling Heights:
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- Commercial Area:
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- Water supply:
- To Lot
- Sewer:
- Sewer To Lot
- Fireplace:
- No
- Pending Date:
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- Mountain(s), Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Financing Notes:
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- Assessed:
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- Assessment year:
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- Approximate Inventory Value:
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- Fixed Equipment Approx. Value:
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- Goodwill Approx. Value:
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- Gross Income:
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- Net Operating Income:
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- Association Fee:
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- Association Fee Frequency:
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- Lot Site Features:
- Central Location, Cleared, Corner Lot, Easy Access, Level, Marina Nearby, Recreation Nearby, Rectangular Lot, Southern Exposure, See Remarks
- Total Parking Spaces:
- 0
- Total Units:
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- Date Listed:
- Apr 26, 2025
- Original Price:
- 449000.0
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Listed by RE/MAX of Nanaimo
Data was last updated August 1, 2025 at 04:05 PM (UTC)
Area Statistics
- Listings on market:
- 13
- Avg list price:
- $1,100,000
- Min list price:
- $92,000
- Max list price:
- $7,403,000
- Avg days on market:
- 24
- Min days on market:
- 8
- Max days on market:
- 101
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- BC HOME GROUP
- Exp Realty Inc
- 1-778-401-9545
- Contact by Email
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.