223 Victoria Rd

223 Victoria Rd · Nanaimo · Vacant Land · $375,000 · MLS 1023350

Nanaimo, British Columbia
C$375,000
For sale
223 Victoria Rd

223 Victoria Rd is located in Nanaimo. Property snapshot: Vacant Land, listed at $375,000, MLS 1023350. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 108. Latest recorded list price 375000.00.

List Price: $375,000
MLS: 1023350
Days on Site: 108
Price History: Latest recorded list price 375000.00

Local Decision Guide

How should buyers evaluate 223 Victoria Rd?

Start by reading this listing in its Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 223 Victoria Rd?

This page shows a list price of $375,000 with MLS 1023350.

What type of home is this Nanaimo listing?

The page shows Vacant Land at 223 Victoria Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 108 days on market/site. Latest recorded list price 375000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

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 Nanaimo’s evolving real estate landscape. Serious inquiries are welcome. (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
4,760 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29253300 (1023350)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$375,000

Lot Area: 4,760 sf

PID: 008-823-031

Days on Site: 108 days

Added to Relistico: 2026-03-28

Updated on: 2026-07-12 03:01 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Superette
About 483.8 m away
Thrifty Foods
About 827.5 m away
650 Terminal Avenue, Nanaimo
Shopping Centres
Port Place Shopping Centre
About 811.4 m away
650 Terminal Avenue
Old City Quarter
About 882.9 m away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

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Last Updated: Sun, 12 Jul 2026 02:32:53 PM PDT

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Listing Office: Real Broker

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