Discover a prime development lot, almost a quarter acre in size, nestled within the finest selection of restaurants, specialty retail, pubs, and amenities—just a quick walk from Nanaimo’s vibrant downtown core. Currently operating as a fully rented out 36-stall parking lot, this property presents a golden opportunity to generate revenue while exploring ideas for its future development. The adjacent parking lot at 352 Wesley St. (MLS 993603) is also available for purchase, in addition to the property at 348 Wesley St. (MLS 993605), which consists of a charming 3,000 sq. ft. heritage office building featuring a 6 offices, boardroom + 2-bedroom accommodation. This additional space can help create income that supports future development opportunities. The property is zoned DT2, allowing for a vast array of commercial and residential development options. With opportunities for low-rise buildings comprising 30 to 66 condo or townhome units, and the potential acquisition of the 352 Wesley St. parking lot, you could create nearly half an acre of land. This could allow for the construction of over 100 units, featuring stunning ocean view rooftop patios and secured parking with graded access. Don't miss out—ask for a complete buyer's package for review! Call or email Sean McLintock with RE/MAX Generation at 250-667-5766 or sean@seanmclintock.com. A video with additional information is also available at macrealtygroup.ca (All measurements are approximate and must be verified if important.)