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Listed by Mike Phillips Sutton Group-West Coast Realty (Nan)
$ 2,380,000
Est. payment /mo
Active
1015 Park Ave Nanaimo, BC V9R 4J5
4.74 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1022549
HOA Y/N No
Annual Tax Amount $11,186
Tax Year 2025
Lot Size 4.740 Acres
Acres 4.74
Property Sub-Type Unimproved Land
Property Description
Prime 4.74-acre multi-family development opportunity in South Nanaimo, located within a rapidly growing neighbourhood surrounded by newer residential construction. Zoned R10 with a Suburban Neighbourhood OCP designation, the property offers attractive territorial views and strong potential for a variety of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to 23 dwelling units under the existing zoning, based on the surveyed developable area. The OCP supports low-rise residential forms including single-family homes, duplexes, tri-plexes, four-plexes, and townhomes, subject to City approvals. A previously approved 14-unit development permit demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified. Technical reports and supporting materials are available to qualified buyers. Buyers should verify servicing and development possibilities.
Location
Province BC
County Nanaimo, City Of
Community Na South Nanaimo
Area Nanaimo
Zoning R10
Interior
Fireplace No
Exterior
View Y/N Yes
View City, Mountain(s)
Garage No
Building
Lot Description Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure, Wooded, See Remarks
Water Municipal
Others
Ownership Freehold
Virtual Tour https://youtu.be/Vo-bE6tczgo