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Dylon Paul

dylon@dylonpaul.ca +1(250) 650-9019

Listing by Mike Phillips Sutton Group-West Coast Realty (Nan)

$ 2,380,000

Est. payment -/mo

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Active

1015 Park Ave Nanaimo, BC V9R 4J5

4.74 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1037842

HOA Y/N No

Annual Tax Amount $11,186

Tax Year 2025

Lot Size 4.740 Acres

Acres 4.74

Property Sub-Type 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

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

View Y/N true

View City, Mountain(s)

Street Surface Paved

Garage No

Building

Lot Description Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks

Sewer Sewer Available

Water Municipal

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

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.”

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