2202 Meredith Road, Nanaimo, British Columbia
A near shovel-ready townhouse development opportunity in Nanaimo's sought-after missing middle housing sector — architecturally designed, permitted, and priced to move.
For Sale at $1,335,000
The Property
Site Details
Rectangular parcel with 135' frontage along Meredith Road and 98.2' along Tulsa Road on the east boundary. Total site area is 0.363 acres or 15,816 square feet. The property is nearly level and on grade with both road frontages — ideal for efficient construction.
Legal Description: Lot 1, Section 17, Range 7, Mountain District, Plan EPP83590 | PID 030-481-040
Development Advantages
Rezoned to R6
Successfully rezoned to Townhouse Residential (R6), tailored for an 8-unit multi-family project with a 0.7 FAR and 9.2m height allowance.
Complete Architectural Package
Option to acquire full architectural and engineering packages by Alan Lowe Architect — bypassing the 12+ month design and initial permitting cycle.
2026 Standards Compliant
Engineering is already compliant as of current regulations, protecting the buyer from technical hurdles and redesign costs associated with upcoming 2026 building standards.
Predictable Pro Forma
Established design and development costs reduce speculation, providing a predictable financial pro forma at an acquisition price of $166,250 per door.
The Development
The lot is approved for eight townhouses conforming to zoning and Nanaimo ReImagine (Official Community Plan). The development comprises two duplex buildings and one four-plex building. Units are a mixture of two and three storeys with grade-level garages, ranging from 1,177 to 1,469 square feet. Gross building area is 13,108 square feet (including garages). Vehicle access is from Tulsa Road, with landscaped surroundings and paved parking to the rear of street-front buildings.
Full construction drawings are available but not included in the purchase price of the land. Development Permit and Building Permit are in process to be renewed.
Architectural Design
Designed by Alan Lowe Architect Inc., the development features a striking combination of horizontal wood siding and grey metal panels, large windows, and private balconies with white railings. The street-facing façade is framed by lush landscaping, creating an attractive, livable streetscape that fits seamlessly into the evolving Northfield neighbourhood.
2 Duplex Buildings
Block 1 & Block 3
1 Four-Plex Building
Block 2
1,177–1,469 sq ft
Unit size range
Location
Northfield, Central Nanaimo
The property sits in the Northfield area of Central Nanaimo — a mixed-form residential neighbourhood transitioning toward higher densities such as townhouses and apartments. It is just two city blocks from Bowen Road, a major arterial with public transit and a range of small businesses.
Surrounding properties to the north and west are primarily single-dwelling and duplex lots, providing a compatible and established residential context.
Zoning: R6 (Low Density Residential) | OCP: Suburban Neighbourhood — supports ground-oriented multi-unit dwellings up to three storeys.
Nanaimo, Central Vancouver Island, British Columbia
A classic west coast community offering natural beauty at every turn — one of the longest shorelines of any city in Canada, with a forested mountain backdrop minutes from the city centre.
Strategically Located
23km west of Vancouver, 113km north of Victoria. Second largest urban centre on Vancouver Island, fifth largest in BC.
Growing Population
City population of 105,000 with strong growth projections — exceeding the Provincial average at 11%+ over the most recent five-year period.
Excellent Connectivity
20-minute flight from Vancouver or 1.5-hour ferry with 16 daily sailings. Air Canada offers direct flights to Vancouver, Calgary, and Toronto.
For More Information
Contact our team to learn more about this exceptional development opportunity at 2202 Meredith Road, Nanaimo. Offered for sale at $1,335,000.00 — One Million, Three Hundred and Thirty-Five Thousand Dollars.
Representing commercial, industrial & development real estate across mid-Vancouver Island; from the Malahat to Campbell River.