1015 Park Ave
Nanaimo, British Columbia
MLS® 1050851
$1,999,000
- Status
- Active
- Property type
- Vacant land
- MLS® number
- 1050851
- Bedrooms
- 0
- Bathrooms
- 0
- Year built
- —
Listing 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.
Property summary
- MLS® number
- 1050851
- Property type
- Vacant Land
- Title
- Freehold
- Land size
- 4.74 acres
- Annual property taxes
- $11,838.00
- Days on market
- 7 days
Features & details
- Lot features
- Acreage, Central location, Park setting, Southern exposure, Wooded area, Corner Site, See remarks, Other
- View
- City view, Mountain view
What would this home cost you?
Based on the $1,999,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Sutton Group-West Coast Realty (Nan), Nanaimo.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.