TELUS Living Nanaimo isn’t just about creating homes—it’s about reshaping downtown Nanaimo with a bold, forward-thinking development that prioritizes community, sustainability, and innovation. This $70 million investment will transform a previously underutilized lot into a thriving urban hub, with two six-storey buildings housing 195 rental units designed to suit a wide range of lifestyles. From studio apartments to spacious three-bedroom homes, every unit balances modern design with functionality, ensuring residents feel both stylish and comfortable.

The development embraces a sustainable future by aligning with the BC Energy Step Code, aiming to exceed energy efficiency standards while incorporating eco-friendly features like rooftop gardens and enhanced public spaces. Beyond housing, TELUS Living is about connectivity—both digitally and socially. With TELUS Pure Fibre and 5G technology, these homes are designed for seamless smart living, while the inclusion of a vibrant public plaza, private courtyards, and gathering spaces fosters a true sense of community.

Thoughtful urban planning also extends to mobility, with secure underground parking, long-term bicycle storage, and easy access to transit and bike lanes, encouraging sustainable transportation. Importantly, the project will revitalize downtown streetscapes, create 700 jobs during construction, and inject new energy into Nanaimo’s growing city core. TELUS Living Nanaimo represents not just a place to live, but a vision for how a well-planned development can elevate an entire community.

This is a rare opportunity to acquire one of Nanaimo’s landmark properties. Currently operating as a hotel and marina, the owner proposed a rezoning application to the city in 2019. This proposal included plans for 25 to 30 condominium units and 110 hotel rooms over 10 storeys, as well as conference space, a lounge and cocktail bar, spa, and food outlets. The application received full support from city staff and council; however, it was ultimately postponed. Any future purchaser may acquire the drawings for this proposal and either resubmit or create a new vision for this one-of-a-kind site.

The existing 45-room Waterfront Hotel was originally developed in 1974 by Nanaimo’s colorful former mayor, Frank Ney. The building and marina operations are well-established and run seamlessly, ensuring a smooth transition for the next owner.

Developing a new hotel or condominium in Nanaimo presents a promising opportunity. The city's expanding population, combined with its appeal as a destination for both residents and visitors, suggests a sustained demand for additional housing and hospitality services. Investing in such developments could meet this demand and contribute to the city's ongoing growth and economic vitality.

Interested parties may inquire to tanner@tannersaywell.com for pricing details. 2024 assessment $6.4m.