1340-1370 STEWART NANAIMO

Brechin Hill neighbourhood of Nanaimo British Columbia Canada V9S 4E1

$2,390,000

1340-1370 STEWART NANAIMO

Price: $2,390,000
MLS Number: 864232
Square Footage: 9520 Sq Ft
Property Type: Single Family

For sale – waterfront marina and upland redevelopment site, located in Nanaimo’s harbour area fronting Stewart Avenue.The property is comprised of 4 freehold upland titles; filled foreshore; and water lot (lease and license) totalling approximately 3 acres of area. Improvements remaining on the site include a vacant two-storey mixed-use building, a vacant “warehouse” building and existing floats providing for approximately 27 boat berths. Zoning of the property is Harbour Waterfront (W2 – marine based uses) and, according to the land use and neighbourhood plan, development can include: marinas and marine-related uses, commercial development, hotels, residential, etc. Extension of the existing lease is possible with the approval of the Nanaimo Port Authority. There are numerous excellent possibilities for the future of this property given its premier waterfront location and Nanaimo’s exponentially growing community.