About 1641 Bowen Rd
Prime Multi-Family Development Opportunity in Nanaimo! This 18,441 sq. ft. COR1-zoned parcel comes with a Development Permit in place for a 22-unit, four-storey multi-family residential building, making it a rare turnkey investment opportunity. Ideally situated just minutes from downtown Nanaimo, the site offers excellent walkability to Bowen Road amenities, as well as easy access to the Nanaimo Parkway and North Nanaimo. The approved development features a well-balanced unit mix, including 1 Live/Work unit, 3 studios, 9 one-bedrooms, 4 one-bedroom + den units, 3 two-bedroom + den units, and 3 accessible two-bedroom units, catering to a diverse range of residents. This project is for investors who are looking to capitalize on the area’s strong rental demand and growth. Full plans and designs are available upon request for qualified buyers. Don’t miss out on this exceptional investment—contact us today for more details! Measurements and data approximate; verify if important.
Basic Information
| Price | $1,100,000 |
|---|---|
| MLS® # | 992939 |
| Sub-Type | Single Family Detached |
| Year Built | 1938 |
| Beds | 2 |
| Baths | 1.00 |
| Kitchens | 1 |
| Interior SqFt | 776 |
| Lot Size | 0.42 Acres |
Location Information
| Address | 1641 Bowen Rd |
|---|---|
| Postal Code | V9S 1C7 |
| Area | Nanaimo |
| Sub Area | Central Nanaimo |
| Jurisdiction | City of Nanaimo |
| PID Number | 005-562-341 |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer To Lot |
| Heating | Baseboard, Electric, Oil |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | In House |
| Parking | Driveway, Garage, RV Access/Parking |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Central Location, Easy Access, Recreation Nearby, Shopping Nearby, Southern Exposure |
Listing Details
| Office | eXp Realty (NA) |
|---|