$395,900
840 Victoria Rd
Beds
0
Baths
—
Sqft
—
Year
—
Type
Vacant Land
Suite
Suite potential
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Nanaimo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Attention Builders & Investors – Profitable Development Opportunity! Here’s your chance to secure an affordable, flat, and sun-drenched 50' x 120' vacant lot just 5 minutes from all the key amenities in South Nanaimo and Chase River. With full services to the lot line and dual access via Victoria Rd and a rear laneway, this property offers incredible versatility for your next project. There s no GST on the lot. Zoned R5, this lot is eligible under new BC legislation to accommodate up to 4 units—ideal for two full homes with secondary suites or a main residence plus a carriage or coach home. Whether you're a developer or a investor looking to build equity and generate rental income, this is a golden opportunity to build in a rapidly growing area. Enjoy the convenience of nearby schools, shopping, and transit in a location that balances urban access with a neighborhood feel. Measurements and data are approximate; buyers to verify if important. Don't miss out—your next income-generating project starts here! (id:65958)
- Subtype
- Vacant Land
- Community
- South Nanaimo
- Common interest
- Freehold
- Lot size
- 6,054 square feet
- Lot dimensions
- 6054
- Parking
- 4 total
- On market
- Jun 13, 2025
- Status changed
- Apr 22, 2026
- Annual tax
- $1,892.57
- Zoning
- Residential
- Photos
- 12
- MLS#
- 1003429
- Area
- NANAIMO
Features and systems
Lot
View
Cash on cash
-7.35%
Cap rate
3.39%
GRM
16.7
Break-even rent
$2,485
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.