This 3.16 ac medium density, multi-family residential development property is ideal for apartment buildings, 4 plexes, senior residence with accompanying support services; etc... Old plan had been approved by the City of Nanaimo for 3 apartment buildings with a total of 114 units. Housing loan opportunities may be available thru Cmhc and its program to develop new affordable housing. Property strategically located just off Jordan off Mostar - a main corridor route into North Nanaimo and all its amenities. This lot fronts Ledgerwood Rd and is in the Rutherford area of North Nanaimo. Immediate area a mix of light industrial and residential. Shopping nearby. Nanaimo is the place people are coming to. Nanaimo nestled between mountains and the ocean and close to Vancouver, is the hub city of the central island. More people coming here means increasing demand for housing. Great time to be developing on Vancouver Island.