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$2,380,000
British Columbia,Nanaimo
For Sale Active
1015 Park Ave, Nanaimo, British Columbia V9R4J5
Basic Details
Description

Prime 4.74-acre multi-family development opportunity in South Nanaimo, ideally situated within a rapidly growing neighbourhood characterized by newer, high-quality residential construction. Zoned R10 and designated Suburban Neighbourhood in the Official Community Plan, the property offers attractive territorial views and strong potential for a range of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to

23 dwelling units under the existing R10 zoning, based on the surveyed developable area. The OCP supports a variety of low-rise residential forms, including single-unit dwellings, duplexes, tri-plexes, four-plexes, and townhomes, with densities up to 25 units per hectare and building heights up to three storeys, subject to City approvals. A previously approved 14-unit development permit (now expired) demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified, potentially supporting expanded design possibilities. Technical materials, including topographical surveys, environmental mapping, and related reports, are available to qualified buyers to assist with concept planning and due diligence. Buyers are encouraged to independently verify development potential, servicing requirements, and all necessary approvals with the City of Nanaimo and qualified professionals. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1022549
  • Price: $2,380,000
  • View: City view,Mountain view
  • Status: Active
  • Property Sub Type: Vacant Land
  • Office Key: 52883
Address Map
  • Location: CA, British Columbia, Nanaimo, V9R4J5
  • Street: Park
  • Street Number: 1015
  • Street Suffix: Avenue
  • Longitude: W124° 3' 19.5''
  • Latitude: N49° 8' 17.1''
  • Zoning: Unknown
Additional Information
  • Lot Features:
  • Lot Size Dimensions: 4.74
Financial
  • Tax Annual Amount: 11186
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Listing updated: 2026-05-09 09:06:21
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Listing Information
  • List Agent Key: 1891227
  • List Office Key: 52883
  • Modification Timestamp: 2026-05-08T22:30:56Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-05-08T22:23:30Z
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Listing updated: 2026-05-09 09:06:22
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