330 Ninth Street is a residential redevelopment site in Nanaimo’s Harewood area. The current City property record identifies the parcel as R6 Low Density Residential with a 2026 taxable assessment of $2,474,000. The completed rezoning process for the former 330 and 338 Ninth Street assembly secured R6 zoning with a site-specific FAR of 0.62. The rezoning concept contemplated 34 ground-oriented townhouse units in seven buildings of two to three storeys.

Based on the reported 1.78 acres of assembly area, the site is approximately 77,500 sq ft and a 0.62 FAR implies roughly 48,050 sq ft of gross floor area. The strongest value proposition is the completed rezoning and medium-scale townhouse development.

Multifamily Residential Site with Approval for 34 Townhomes

• R6 low density re-zoning, city rezoning file complete
• Site-specific FAR of 0.62 approved for the former 330/338 Ninth Street assembly
• Concept for 34 ground oriented townhouse suites in seven 2-3 story buildings
• 2026 assessment $2,474,000

Development Positioning

The rezoning concept supports a 34-unit ground-oriented townhouse project. At the estimated $2.5M market range, implied land cost is approximately $73,250 per concept unit before closing costs, DCCs, design, servicing, financing and construction. This is a useful screening metric, not a valuation conclusion.

LOT 1 SEC 1 NANAIMO DST PLAN EPP145100

Located on Ninth Street between Douglas Avenue and Buffer Road in Harewood/ South Nanaimo, the site sits within an established residential area experiencing continued infill and multi-family development. The surrounding area includes detached housing, townhouse and mobilehome communities, schools, parks and neighbourhood services. The property is within a short drive and local bus service is available within walking distance for accessing to Vancouver Island University, University Village, downtown Nanaimo and the Island Highway connections.

The site’s gentle slope and established urban setting support a practical ground-oriented housing concept, subject to detailed civil and geotechnical review.