The Property is 24,970 square feet or 0.57-acres with an approximate 225 feet of frontage on Boundary Avenue, directly facing Nanaimo Regional General Hospital representing a rare opportunity in the Hospital District of central Nanaimo. Each rental apartment building features one 1-bedroom and five large 2-bedroom units, creating an ideal mix for the Nanaimo market. The Property is zoned for medium-density residential development, allowing for a baseline Floor Area Ratio (FSR) of 1.25, along with opportunities for additional density bonuses.