REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
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 1037845
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
DEVELOPMENT OPPORTUNITY! 1015 Park Avenue is a 4.74-acre multi-family site offering significant density potential of up to 36 townhouse units. The Suburban Neighbourhood OCP designation supports up to 25 units/ha. With site-specific rezoning approval, preliminary concepts indicate the property could potentially accommodate up to 36 townhomes. A 2024 topographic survey and slope analysis identify approximately 1.463 ha of developable area. Concept layouts explore building placement, access and grading in response to site constraints, giving developers a solid starting point to assess feasibility and design. Due-diligence materials include survey, slope and geotechnical information, terrain modelling and concept plans. Minutes from VIU, transit, schools, shopping and major routes, this is an opportunity to pursue a higher-density townhouse project in Nanaimo. Concepts and unit counts are preliminary; all development is subject to purchaser due diligence and required municipal approvals.
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
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.