APPROVED FOR A SMALLER SETBACK TO ALLOW A GOOD-SIZED FAMILY HOME! This prime 38 x 74.4 ft cleared vacant lot is an incredible opportunity to bring your plans and develop a building with innumerable possible uses. The board of variance has recently approved a setback of 1.52m which will give more flexibility in building a residential home. Zoned DT8, this flexible use zoning allows for mixed-use commercial and residential, residential use, street level commercial with second and third floors as multi-family residential uses, and more. The location is perfectly suited for a thriving business, adjacent to Nob Hill Park and close to all services and the vibrant Nanaimo Harbour. City services are available to the lot as well as natural gas. Enjoy breathtaking views of the mountain and city by adding height on the upper levels. The DT8 zoning permits a variety of businesses to be built. Don't miss out on your chance to build your dream property in this fantastic downtown location.