This property is being sold for the land value primarily and is Zoned for superb Commercial Development. Extremely well located as it is one road off the ocean wall with good ocean views which makes this even more appealing for development. Currently there is an income earning character home (two suites) situated close to Stewart. Both tenants are on month to month. This allows for ongoing revenue until building begins. What a dream holding with big potential.
Data was last updated February 14, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
98
Avg list price:
$1,170,000
Min list price:
$23
Max list price:
$25,000,000
Avg days on market:
115
Min days on market:
3
Max days on market:
661
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.