€1,878,242 EUR | £1,625,067 GBP | $2,179,876 USD
Type: Commercial-Retail
Land area: 206474 ft2
Agent/Owner:
exp Realty
Cory Chapman
Location: Canada
Speaks: English
Display Phone No.
Advert last updated: 8/11/2025

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1015 Park Ave, Nanaimo, BC V9R 4J5
Prime Multi-Family Development Opportunity in South Nanaimo. This is an exceptional 4.74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. A now expired development permit for a multi-family development, consisting of 14 single-family homes, was approved in 2017, but a new survey supports up to 23 single-family homes or stacked townhouses with the current R10 zoning. And the City may allow site-specific density up to 35 units with a feasible site design meeting zoning guidelines. And the Citywide Parking Review is expected to ease parking requirements, adding more potential benefits. Ideally located near transit, schools, shopping and VIU, this is an opportunity to provide modern, affordable homes in a highly desirable location. Due diligence reports available to serious buyers.
Lot features Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure, Wooded, See Remarks
Taxes$4,998
Rentals Allowed Unrestricted
Notes:
Courtesy of Sutton Group-West Coast Realty (Nan)
The listing data displayed is deemed reliable but is not guaranteed accurate. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer`s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing or renting.