Development-Ready Property with R14 Zoning & Strong Location Opportunity knocks at 680 Pine Street – a well-situated ¼ acre parcel in central Nanaimo with R14 zoning and rear alley access, making this an ideal site for redevelopment. The existing 3-bedroom, 1-bath home offers rental income while you plan. Add a carriage home, duplex, or explore multi-unit options under current zoning allowances. With strong demand for housing and proximity to Vancouver Island University, shopping, restaurants, and transit, this location provides both immediate rental appeal and excellent long-term upside. A strategic acquisition for the experienced investor.
Data was last updated July 4, 2025 at 04:05 PM (UTC)
Area Statistics
Listings on market:
35
Avg list price:
$840,000
Min list price:
$59,500
Max list price:
$4,290,000
Avg days on market:
94
Min days on market:
1
Max days on market:
436
These statistics are generated based on the current listing's property type
and located in
Na Old City. Average values are
derived using median calculations.