- For Sale $1,988,000
- Property Type VacantLand
- Property Size 52,272 SF
- Lot Size 1.2 Acre
- Zoning R1
- Date Updated Aug 20, 2025
A rare chance to secure 1.2 acres of prime development land in Nanaimo, one of BC’s fastest-growing cities! Located at 335 Third Street, this site offers immense potential for multi-family residential development. Property Highlights: • Conceptual Plans Submitted: Proposed rezoning application illustrates a 56-unit development across two buildings (4 to 6 Storeys) with underbuilding parking. • Strong Market Demand: Nanaimo’s population exceeds 100,000, yet new housing supply has lagged behind. The Interim Housing Needs Report (2024) projects a need for 2,810 units over the next 5 years and 9,469 units over the next 20 years. This development is perfectly positioned to help meet that demand. • Strategic Location: Close to Vancouver Island University, downtown Nanaimo, and major amenities, ensuring strong tenant and buyer interest. • Growth & Investment Potential: The city is expanding rapidly, with increasing infrastructure investments and economic growth. This is a turnkey development opportunity for investors, builders, and developers looking to capitalize on Nanaimo’s urgent need for housing.
Reach out to the broker for more info on lease terms and amenities
False
Contacts
Location
Getting Around
-
Walk Score ®
75/100
Very Walkable
-
Transit Score ®
56/100
Good Transit
-
Bike Score ®
49/100
Somewhat Bikeable
- City Nanaimo, BC
- Neighborhood Nanaimo University District
- Postal Code V9R 1W5
Points of Interest
-
Swiftsure Taxi
0.93 miles
-
Nanaimo (Nanaimo Harbour)
1.00 miles
-
7-Eleven
0.51 miles
-
Super Save
0.55 miles
-
Esso
0.57 miles
-
Chevron
0.67 miles
-
Co-op
0.78 miles
-
ChargePoint
0.82 miles
-
Shell
0.88 miles
-
Petro-Canada
0.93 miles
-
Gas n Go
0.94 miles
-
Tesla Supercharger
3.91 miles
-
Upper Parking
0.70 miles
-
Lower Parking
0.72 miles
-
Brechin Boat Ramp
1.88 miles
-
Long Term Parking
1.88 miles
-
Staff Parking
1.91 miles
-
Visitor Parking
1.96 miles
-
Pick Up & Short Term Parking
1.98 miles
-
Drop Off
1.99 miles
-
The Quality Inn
0.57 miles
-
Painted Turtle Guesthouse
0.72 miles
-
Courtyard by Marriott
0.77 miles
-
The Coast Bastion Inn
0.78 miles
-
Best Western Dorchester Hotel
0.78 miles
-
Travelodge by Wyndham Nanaimo
0.85 miles
-
Harbour Light Motel
0.85 miles
-
Castaway Motel
0.88 miles
-
Ramada by Wyndham Nanaimo
0.94 miles
-
Diplomat Motel
0.96 miles
-
Panago
0.25 miles
-
Gateway to India Restaurant
0.26 miles
-
Black Rabbit Kitchen
0.45 miles
-
Domino's
0.46 miles
-
Sushi Kura
0.48 miles
-
Waffle Magic
0.48 miles
-
Subway
0.49 miles
-
Baby Salsa
0.50 miles
-
Flavours of India
0.50 miles
-
Asteras
0.51 miles
-
Fairview Community School
0.30 miles
-
Nanaimo District Secondary School
0.48 miles
-
École Pauline Haarer
0.59 miles
-
Georgia Avenue Elementary School
0.64 miles
-
Vancouver Island University
0.78 miles
-
350 - The High School
0.87 miles
-
Bayview Elementary School
0.93 miles
-
John Barsby Community School
0.93 miles
-
Brechin Elementary School
1.07 miles
-
Park Avenue Community School
1.43 miles
-
Nanaimo Innovation Academy
0.69 miles
-
335 - Daycare
0.83 miles
Frequently Asked Questions
The space currently listed for sale at 335 Third Street asks for $1,988,000.
335 Third Street totals 1 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
NAI Commercial | Vancouver
