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$1,400,000
British Columbia,Nanaimo
For Sale Active
3801 Shenton Rd, Nanaimo, British Columbia V9T2H1
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Basic Details
Description

A well-positioned lakefront residential development investment opportunity is available for builders and developers seeking a manageable-scale project. This approximately 3/4-acre property fronts Diver Lake, featuring flexible COR2 zoning, which supports street-oriented, medium-density residential and mixed-use development along major corridors. The site previously held a Development Permit for approximately 16–20 residential units in a multi-storey building with underground parking. While a

new Development Permit will be required, the prior approval demonstrates the site’s suitability for a purpose-built rental apartment or boutique condominium project at a manageable scale. With strong southern exposure, direct lake frontage, and proximity to schools, transit, and amenities, this property offers a compelling infill development opportunity within Nanaimo’s growing urban corridor—well suited to developers seeking an efficient project with long-term rental or sell-out potential. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1024041
  • Price: $1,400,000
  • Status: Active
  • Property Sub Type: Vacant Land
  • Office Key: 53078
Address Map
  • Location: CA, British Columbia, Nanaimo, V9T2H1
  • Street: Shenton
  • Street Number: 3801
  • Street Suffix: Road
  • Longitude: W125° 59' 11.5''
  • Latitude: N49° 12' 20.2''
  • Zoning: Unknown
Additional Information
  • Lot Size Dimensions: 0.75
Financial
  • Tax Annual Amount: 20755.55
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Listing updated: 2026-03-27 10:36:33
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Listing Information
  • List Agent Key: 2215990
  • List Office Key: 53078
  • Modification Timestamp: 2026-01-22T23:11:09Z
  • Originating System Name: Victoria Real Estate Board
  • Status Change Timestamp: 2026-01-22T23:05:01Z
Powered by REALTOR.ca
Listing updated: 2026-03-27 10:36:33
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