Description
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
Property Details
| Property Type | Commercial Sale |
| Property Sub Type | Unimproved Land |
| Listing ID | 1023348 |
| Status | Active |
| City | Nanaimo |
| Area | Nanaimo |
| Sub-Area | Na Old City |
| Postal Code | V9R 4P7 |
| Property Taxes | $0.00 (2025) |
| Listed Date | Jan 14, 2026 |
| Lot Size | 0.11 acres |