5180 Universal Place

For Sale | Development Land | ± 134,600 SQFT | $1,975,000

William Wright Commercial Real Estate Services is pleased to present this amazing opportunity for a luxury ocean-view development in North Nanaimo. This 3.09 acre property offers an ocean-view condo, rental or townhome opportunity with a potential 29 unit development. The site is just minutes away from the highly-popular Neck Point and Piper’s Lagoon ocean-side parks as well as the best shopping and schools that Nanaimo has to offer. The site features an amazing view over the Georgia Strait and the snow-capped mountains on the mainland. A fantastic opportunity for developers and investors! Water and power at the lot line of the pan handle is already in place, as well as, sewer and storm at the bottom of the site. Please contact the city to confirm. All data and measurements are approximate and must be verified if fundamental.

Multifamily Development Site

  • Potential Build: Condo / Townhouse / Luxury Rental Site
  • Proposed: 29 Units


For Sale


5180 Universal Place, Nanaimo,


± 134,600 SQFT


Development Land



Property Taxes






Legal Description



Nanaimo is a vibrant urban centre found on the east side of beautiful Vancouver Island where an abundance of recreation and cultural opportunities exist giving residents a lifestyle second to none for living, working and playing. "The Harbour City" was previously known as the "Hub City", which was attributed to its original layout design with streets radiating from the shoreline like the spokes of a wagon wheel, and to its relatively central location on Vancouver Island. Nanaimo is the headquarters of the Regional District of Nanaimo. Nanaimo is served by the Island Highway along the east coast, the BC Ferries system, and its regional airport. Nanaimo features Ferry routes to Tsawassen and Horseshoe Bay plus a new foot-passenger only ferry option to Downtown Vancouver. Harbour Air offers sea-place service from the Nanaimo Harbour to various coastal locations and the south of Nanaimo there is the Nanaimo Airport which provides service to Vancouver, Calgary, and Edmonton via Air Canada Express, WestJet Encore and WestJet Link.

The original economic driver was coal mining; however, the forestry industry supplanted it in the early 1960s with the building of the MacMillan Bloedel pulp mill at Harmac in 1958, named after Harvey MacMillan. Today the pulp mill is owned by the employees and local investors and injects well over half a million dollars a day into the local economy. The largest employer is the provincial government. The service, retail and tourism industries are also big contributors to the local economy.

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Theo Kefalas
Theo Kefalas

Commercial Sales & Leasing

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This communication is not intended to cause or induce breach of an existing agency agreement. E&OE: All information contained herein is from sources deemed reliable, and have no reason to doubt its accuracy; however, no guarantee or responsibility is assumed thereof, and it shall not form any part of future contracts. Properties are submitted subject to errors and omissions and all information should be carefully verified. All measurements quoted herein are approximate.