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. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.
Lot/land
C$3,000,000
1015 Park Ave, Nanaimo, BC V9R 4J5
0beds
0baths
4.75Acres
Unimproved Land
Built in ----
4.75 Acres Lot
$-- Zestimate®
C$--/sqft
C$-- HOA
What's special
- 18 days
- on Zillow |
- 11 |
- 0 |
Zillow last checked: 7 hours ago
Listing updated: August 01, 2025 at 08:17am
Listed by:
Mike Phillips Personal Real Estate Corporation,
Sutton Group-West Coast Realty (Nan)
Source: VIVA,MLS®#: 1009044
Travel times
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 0
- Bathrooms: 0
Features
- Has basement: No
- Has fireplace: No
Video & virtual tour
Property
Features
- Entry location: Main Level
- Has view: Yes
- View description: City, Mountain(s)
Lot
- Size: 4.75 Acres
- Features: Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks
Details
- Parcel number: 026876795
- Zoning: R10
- Zoning description: Multi-Family
Utilities & green energy
- Water: Municipal
- Utilities for property: Sewer Available
Community & HOA
Community
- Features: Family-Oriented Neighbourhood
Location
- Region: Nanaimo
Financial & listing details
- Tax assessed value: C$1,619,000
- Annual tax amount: C$4,998
- Date on market: 8/1/2025
- Ownership: Freehold
- Road surface type: Paved
- Loading