COR1 zoned multifamily development site. This 18,441 square foot parcel has a Development Permit in place for a 22 unit 4 storey multi family residential building. Located in the heart of Nanaimo this site is situated close to downtown but also provides easy access to the Nanaimo Parkway and North Nanaimo. End users will enjoy the walkability of Bowen Rd and proximity to all amenities. The City of Nanaimo has supported increased density with a 22 unit breakdown: 1 Live/Work, 3 Studio, 9 One Bedroom, 4 One Bedroom + Den, 3 Two Bedroom + Den, 3 Accessible Two Bedroom. Full plans and design are available by request to qualified purchasers.