Very rare multifamily zoned building lot in the heart of Nanaimo. This R8 zoned lot is flat with ease of access and is walking distance to Bowen Park, schools, bus routes, and downtown Nanaimo. It is only 3 minutes by car to Nanaimo Hospital, 6 minutes to Vancouver Island University and BC Ferries, and close to many shopping centers in surrounding neighbourhoods. The zoning is flexible with uses including single and multifamily, rooming house, and bed and breakfast. For multi-family, height restriction is 14 meters, site coverage is 40% and the floor area ratio (1.25) includes bonus with specific parking design(s).