Multi-Family development site located in Central Nanaimo on Vancouver Island zoned COR3 Commercial. This site is located in an area that has undergone unprecedented development in the last 10 years such as new multi family buildings, office buildings, & the newly built Greenrock service commercial/industrial node which includes various businesses that will service the needs of the local community all within walking distance. This site is near the hospital, 5 min drive to downtown & VIU. The property is over 33000 sq ft (.76 acres), is situated on a corner lot with 2 road frontages & level building site. COR3 zoning allows 60% lot coverage with a 0.75 Floor Area Ratio (FAR) with Tier 1 and Tier 2 incentives to permit additional density (buyers to do their own due diligence). The property currently has a small home on the site which could be rented while you design and plan your project. This site offers plenty of sun and once built the units will enjoy views of Mt. Benson.