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Ty Collyer

ty.collyer@engelvoelkers.com +1(778) 386-6737

Listing by Mike Phillips Sutton Group-West Coast Realty (Nan)

$ 2,580,000

Est. payment -/mo

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Active

1015 Park Ave Nanaimo, BC V9R 4J5

4.74 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1022548

HOA Y/N No

Annual Tax Amount $11,186

Tax Year 2025

Lot Size 4.740 Acres

Acres 4.74

Property Sub-Type Land

Property Description

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. As well, the Citywide Parking Review has eased 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. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.

Location

Province BC

County Nanaimo, City Of

Community Na South Nanaimo

Area Nanaimo

Zoning R10

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

View Y/N true

View City, Mountain(s)

Street Surface Paved

Garage No

Building

Lot Description Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks

Sewer Sewer Available

Water Municipal

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Ownership Freehold

Virtual Tour https://youtu.be/Vo-bE6tczgo

Ty Collyer

Advisor | License ID: 173307

+1(778) 386-6737

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