Investment Property for Sale in Chania

This is not simply an apartment acquisition, but a development opportunity within the urban fabric of Chania, offering significant potential for investors, developers or buyers seeking a property with long-term value creation possibilities.

The existing apartment was constructed in 1982, has a total area of 90 sq.m. and is located on the first floor above the pilotis.

The current layout includes two bedrooms, an independent kitchen, a spacious bathroom with bathtub and a large living and dining area. The apartment benefits from multiple balconies, providing natural light and outdoor access.

The kitchen opens onto a small balcony overlooking the rear garden. One bedroom also has access to a rear balcony with views towards the garden, while the second bedroom and the spacious living and dining area open onto a front-facing balcony overlooking the street.

The apartment requires renovation, offering the future owner the opportunity to redesign the interiors according to modern standards and incorporate the residence into a broader investment strategy.

The main investment advantage of the property lies in its development potential:

Property Development Details

Existing Apartment: 90 sq.m.
Pilotis Area: 108.45 sq.m.
Remaining Building Potential: Approx. 286 sq.m.
Possibility for 3 Additional Floors
Maximum Permitted Height: Approx. 15 metres
Basement Space
Rear Garden

The additional building capacity creates attractive prospects for the development of new residences or apartments, making the property particularly interesting for investors and developers seeking opportunities in central Chania.

The location represents one of the strongest advantages of the property. The Dikastiria area is one of the most recognised and desirable parts of Chania, offering immediate access to the city centre, the waterfront and all everyday amenities.

1 minute from Dikastiria Square
Approx. 5 minutes from Koum Kapi waterfront and seaside area
Approx. 10 minutes from the historic centre of Chania

A rare investment opportunity in Chania, combining an existing residence, a prime central location and significant potential for future development.

Investment Property for Sale in Chania. Location Information:

Chania is considered to be the most poetic city of Crete; when you walk through it, it leaves you with a pleasant taste of beauty. Chania’s Venetian port, picturesque at any time and season, is attractive to visitors and locals for its beauty and for its choices of entertainment for all tastes and demands.

The “Old Town” consists of the old Venetian harbour and the small Venetian blocks located behind the harbour; it is characterized by narrow and picturesque alleys – similar to an enchanting labyrinth – full of life, and the plentiful remaining Venetian and Turkish buildings.

The Lighthouse, the Fortress of Firka, the Mosque of Kioutsouk Hasan, the Great Arsenali, and the Neoria have become landmarks of the city. Most of the buildings are rejuvenated and they compose a puzzle of contemporary, Venetian, and Turkish architecture; they are also a ‘living’ exhibition of the city’s history. Today they work as shops, taverns, cafes, and touristic accommodations.

The most famous part of the Old Town is the lively round waterfront along the Venetian harbour, which is full of small hotels, cafes, restaurants, taverns, and bars. The Lighthouse at the end of the harbour is a landmark of Chania.