223 Victoria Rd, Nanaimo

About this property

223 Victoria Road presents a rare and highly strategic multi-family development opportunity in Nanaimo. Unlike the large-scale multi-family projects that dominate the market and require substantial working capital, this approved four-unit townhouse-style complex offers a more accessible entry point for builders while maintaining strong investment potential. The property is ideally situated within walking distance of downtown and central shopping, ensuring long-term desirability.This project features a unique mix of residential and live-work spaces. The standout unit is a rare live-work design with a 521 sq. ft. ground-floor office space that connects via an internal staircase to a two-bedroom, 774 sq. ft. residential unit above.The second level also has a separate exterior entrance, maximizing functionality and rental appeal.The remaining three units are well-designed two-bedroom residences of approximately 820 sq/ft.,each with a private outdoor deck and townhouse-style exterior access