High ROI development property in Nanaimo's burgeoning Old City area. This nearly 14,000 sqft DT8 zoned property, which is being offered on MLS for the first time, is awaiting Development Permit (DP) approval with the City of Nanaimo for a 24 unit condo development. This three storey building designed by notable Nanaimo architect will also have underground parking and will maximize buildable square footage at 15,210. Full supplements package is available upon request.