Investment in a Rebounding Nanaimo

Nanaimo has the lowest unemployment in the province, high tech industries are attracting talent from other cities because of the low cost of living, the spectacular scenery and some of the most affordable housing in Canada. Nanaimo is a good bet for investment and growth now that Vancouver and Victoria are so expensive.
I recently listed a one acre development property on Departure Bay, Nanaimo. It is semi-waterfront, bordered by 2 roads and parks back and front. There are great views of Departure Bay and Newcastle Island. There is a nice home with an unfinished suite in the lower level all, on nicely landscaped grounds.
In 2007 there were big plans for a 9 unit luxury townhouse/condo development on the property. Transportation, archaeological and community studies and consultations were completed and a development permit was approved in early 2008. The economic situation later that year ended that. 
Now Nanaimo is beginning to take off, cruise ships stop here and a new 18 story hotel funded by Chinese investors is about to get started. The airport has been expanded and Westjet just started direct flights to Calgary. Vancouver Island University has its main campus in Nanaimo and is attracting many international students. 
This property is unique. There are no other properties of this size with this zoning and these views left in Departure Bay. 
Come over and look for yourself, I will pick you up at the ferry or airport. Show you around, buy you lunch and send you back in time for afternoon coffee.
Take a look at and make sure to click on the flipbook brochure.
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