This 3.16 acre 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 through central mortgage and housing, its program to develop new affordable housing. Property strategically located just off Jordan, off Mostar, a main corridor route into North Nanaimo & all its amenities. This lot fronts Ledgerwood Rd & is in the Rutherford area of North Nanaimo. Immediate area, a mix of light industrial & residential. Shopping nearby. Nanaimo is the place people are coming to. Most people coming here means increasing demand for housing. Great time to be developing on Vancouver Island.