For sale: 427, 449 & 455 Nicol Street, Nanaimo, B.C. (the "Subject Site") — a compelling opportunity to acquire a Development Permit-ready multifamily site in one of Nanaimo's most rapidly transforming neighbourhoods.
The Subject Site comprises three contiguous lots totaling 17,692 SF (0.41 acres) with 160+ feet of frontage on Nicol Street. Zoned COR3 Community Corridor, the plans designed by Stantec Architecture for a 4-storey, 35-unit purpose-built rental building. The unit mix comprises 8 micro-studios, 15 one-bedroom units, and 12 two-bedroom units. The Subject Site is a five-minute drive to downtown Nanaimo, Port Place Mall, and the Harbourfront Walkway, and ten minutes to Vancouver Island University and BC Ferries terminals.
Listed by Sotheby's International Realty Canada (Vic2)
Data was last updated May 8, 2026 at 02:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$759,900
Min list price:
$110,000
Max list price:
$7,250,000
Avg days on market:
144
Min days on market:
4
Max days on market:
379
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.
