$375,000
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223 Victoria RD, Nanaimo, BC V9R4P7

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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. A key highlight of this development is the shared rooftop deck, offering exceptional ocean views of Nanaimo Harbour. With a total project size of 4, 728 sq. ft., this development strikes the perfect balance between financial feasibility and high-quality urban living. The approved plans allow for an efficient and profitable build, making it an ideal opportunity for both small and mid-sized developers. 223 Victoria Road is a rare chance to bring a modern, adaptable multi-family project to market in a prime location. With approvals in place and a compelling design, this is a project that stands out in Nanaimos evolving real estate landscape. Serious inquiries are welcome. (id:58753)

Listing By: Kelly Whitton - Real Broker
Source: CREA #1023348 Listing provided courtesy of Canadian Real Estate Association
  • MLS® 1023348
  • Date Listed01/15/2026
  • Days on Realty 255 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 4,760 sq. ft

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 4,760.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9R4P7

Discover key demographics, population statistics, and environmental insights for the Nanaimo, BC area.

Walkability in BC / V9R4P7

Source: Walk Score

86/100

Very Walkable

Walk Score ®

57/100

Good Transit

Transit Score ®

53/100

Bikable

Bike Score ®

Overview

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

Transit Summary

26 nearby routes: 25 bus, 0 rail, 1 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

Points of Interest near 223 Victoria Rd, Nanaimo, BC V9R4P7

Frequently Asked Questions for 223 Victoria Rd

Source: Realty.com

223 Victoria Rd, Nanaimo, BC V9R4P7 in Nanaimo, BC V9R4P7 is a land listed at $375,000. Realty.ca has 11 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 11 photos of 223 Victoria Rd.

The full address for this home is 223 Victoria Rd, Nanaimo, BC V9R4P7.

223 Victoria Rd has been listed on Realty.com since Thu January 15, 2026

Most errands can be accomplished on foot. Many nearby public transportation options. Some bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 35/100, Transit Score: 35/100, Bike Score: 37/100.

Listing provided courtesy of: Real Broker
Listing agent: Kelly Whitton

This content last refreshed on 2026-09-27 17:18:45. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.