155 Fry St Nanaimo, British Columbia V9R 0H6

$3,500,000

Introducing a rare and exclusive investment opportunity at 155 Fry St, located in the thriving Harbour View District—a destination that combines urban sophistication with the serene beauty of coastal living. Set on a 0.79-acre parcel, this prime development site comes fully prepared for immediate construction. With a building permit already approved for a five-story multi-family project featuring an underground parkade, investors can bypass the lengthy pre-development phase and begin construction without delay. This meticulously planned project offers an exceptional mix of 58 residential units, designed to provide comfortable, modern living environments that capture stunning ocean views and urban energy alike. Complementing the residential component is an 1,825-square-foot commercial space strategically positioned to enhance the property’s appeal and provide essential services to future residents. Every element of this project has been handled with precision—comprehensive analysis, thorough planning, and careful procurement have been completed, and all required permits have been granted, ensuring a seamless transition from planning to development. Noteworthy amenities include underground parking with EV charging stations, secure bike storage, and state-of-the-art infrastructure investments, reflecting a commitment to sustainable and efficient urban living. Moreover, the property benefits from a five-year tax exemption, adding significant financial advantages and enhancing its long-term investment appeal. Ideally situated within walking distance of downtown amenities and the picturesque waterfront, this development is poised to become a landmark in a rapidly revitalizing area. This is your chance to invest in a turnkey opportunity that melds quality, convenience, and exceptional returns in a community that values both heritage and innovation. Seize the moment and secure your place in the future of urban coastal living at 155 Fry St. (id:59709)

Property Details

Building

Land

https://www.realtor.ca/real-estate/28059777/155-fry-st-nanaimo-old-city