For Sale | Prime Development Opportunity in Nanaimo – 1.2 Acres on 335 Third Street A rare chance to secure 1.2 acres of prime development land in Nanaimo, one of BC’s fastest-growing cities! Located at 335 Third Street, this site offers immense potential for multi-family residential development. Property Highlights: • Conceptual Plans Submitted: Proposed rezoning application illustrates a 56-unit development across two buildings (4 to 6 Storeys) with underbuilding parking. • Strong Market Demand: Nanaimo’s population exceeds 100,000, yet new housing supply has lagged behind. The Interim Housing Needs Report (2024) projects a need for 2,810 units over the next 5 years and 9,469 units over the next 20 years. This development is perfectly positioned to help meet that demand. • Strategic Location: Close to Vancouver Island University, downtown Nanaimo, and major amenities, ensuring strong tenant and buyer interest. • Growth & Investment Potential: The city is expanding rapidly, with increasing infrastructure investments and economic growth. This is a turnkey development opportunity for investors, builders, and developers looking to capitalize on Nanaimo’s urgent need for housing.