Commercial Sale

Property Description

2630 Labieux Road presents an institutional investment opportunity on a 21,205 SF site in Nanaimo, BC. The property features a 10,316 SF, two-storey building currently configured as a 19-bed community-based treatment and recovery facility, with specialized improvements and infrastructure well suited to treatment, supportive housing and other community-serving uses. Zoned CS1 (Community Service One), the property benefits from approximately 149 feet of Labieux Road frontage, a level site, municipal servicing and established institutional improvements. The property also offers long-term upside, with the accompanying appraisal identifying potential for residential redevelopment through R6 Townhouse Residential or R7 Row House Residential zoning, subject to rezoning and applicable municipal approvals. The combination of an existing specialized facility, income-producing potential and underlying redevelopment opportunity creates multiple strategies for both owner-users and investors.