Development project opportunity!!! . 4 Unit (2 stories/ 2000 sq feet each) upscale townhouse project with underground parking. Preliminary architectural drawings, all engineering, and zoning resolution has already been prepared. Existing concrete structure worth $1m+. Apply for permit and go! (when approved of course). 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. Please DO NOT attempt to view property without listing Realtor. Please request & download info package and engineer reports prior to making an appointment to view. The Seller may look at ''builder's terms' for a reputable buyer-builder. Info Package: https://rem.ax/3UZStod