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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

    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.
    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

    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
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