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535 Nicol St, Nanaimo, BC, V9R 4T5

MLS® # 992775
Investment For Sale In Chase River/ Duke Point / South End, Nanaimo, British Columbia
$4,200,000
535 Nicol St, Nanaimo, BC - Outdoor With Body Of Water With View
535 Nicol St, Nanaimo, BC  - Outdoor With Body Of Water With View
535 Nicol St, Nanaimo, BC  - Outdoor With View
535 Nicol St, Nanaimo, BC  - Outdoor With Body Of Water With View
535 Nicol St, Nanaimo, BC  - Outdoor With Body Of Water With View
535 Nicol St, Nanaimo, BC - Outdoor With Body Of Water With View

Home Insurance - TD Insurance

Get a home insurance quote online for this $4,200,000 property in Nanaimo

535 Nicol St, Nanaimo, BC, V9R 4T5
$4,200,000

Property Information:

Colliers is pleased to offer for sale 535 Nicol Street, a 26,397 SF multi family development site in Nanaimo, BC, ideally located near the waterfront and downtown, with convenient access to University Village Mall and Port Place Mall. The property is development-ready, having been rezoned to Residential Corridor (COR1) from R1 and COR3, allowing for a six-story building (up from the previous four-story limit) and a Floor Area Ratio (FAR) of up to 2.90 (previously 1.50). This rezoning process, completed by the vendor over 20 months, saves significant time and costs for the new owner. Additionally, the vendor has consolidated the properties at 120 Needham Street and 515,535, 545, and 575 Nicol Street into a single parcel at 535 Nicol Street. Conceptual plans for a six-story, 127-unit development are available upon request

Property Features:

  • Annual Tax Amount: $11,802
  • Lot Frontage: 26397 Square Feet
  • Lot Size: 0.61 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Zoning: COR1

Courtesy of: Colliers International (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Location of 535 Nicol St, Nanaimo, BC, V9R 4T5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 535 Nicol St , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past
29℃
2050
31.9℃

# Hot Days Per Year

Past
7
2050
20

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 535 Nicol St , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past
569.5mm
2050
660mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 535 Nicol St, Nanaimo, BC, V9R 4T5

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$83,901.40

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.47 %

High school certificate or equivalent

33.45 %

Apprenticeship trade certificate/diploma

9.32 %

College/non-university certificate

18.58 %

University certificate (below bachelor)

0.95 %

University Degree

15.23 %

Commuter

Travel To Work

By Car

75.69 %

By Public Transit

8.89 %

By Walking

8.84 %

By Bicycle

0.03 %

By Other Methods

6.55 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

24.9 %

Houses

75.1 %

Own Vs. Rent