Foreclosure. Must be sold! It is rare to find a property of this size with such diverse potential. It is the largest medium density zoned subdivision property in Nanaimo and is in close proximity to Vancouver Island University, the Aquatic and Ice Rink Centres and is within the boundaries of the City of Nanaimo. This parcel of land could easily satisfy the demands for affordable multi - family dwellings. (R1O) Zoning provides for for up to 592 units of detached, single family residential dwelling subdivisions and clustered multiple family developments, please verify with the City of Nanaimo. This is a tremendous opportunity on one of the best development pieces on Vancouver Island.