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$749,000
British Columbia,Nanaimo
For Sale Active
307 Holly Ave, Nanaimo, British Columbia V9S3M3
  • 2
  • 1
  • 812 Sqft
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Basic Details
Description

Exceptional multi-family development opportunity in Nanaimo’s rapidly evolving Harbour City. 307 Holly Ave, together with 311 & 315 Holly Ave, offers R8 zoning and comes with an approved Development Permit for a 47-unit apartment building, providing a clear path forward for investors and developers. All three properties are currently tenant-occupied, generating solid rental income while plans progress toward future construction—offering

both holding income and development upside. This flexibility allows investors to strategically time development while benefiting from cash flow in the interim. Ideally located close to downtown Nanaimo, the waterfront, and the Harbourfront Walkway, the site is surrounded by key amenities including shopping, restaurants, transit, parks, and educational institutions. The area continues to see strong demand driven by urban revitalization and proximity to employment hubs. Nanaimo’s ongoing growth, coupled with long-term expansion tied to the Port of Nanaimo, positions this offering as a compelling opportunity for future appreciation. With increasing demand for purpose-built rental housing and a streamlined approval already in place, this is a rare chance to secure a prime, shovel-ready multi-family site in one of Vancouver Island’s most dynamic markets. A strategic investment combining location, income, approvals, and long-term growth potential. Measurements approx, buyers agent to verify if fundamental to purchase. (id:62650)

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Basic Details
  • Property Type: Residential
  • Listing Type: For Sale
  • Listing ID: 1025201
  • Price: $749,000
  • Bedrooms: 2
  • Bathrooms: 1
  • Square Footage: 812 Sqft
  • Year Built: 1920
  • Status: Active
  • Property Sub Type: Single Family
  • Office Key: 52883
Features & Appliances
Features
  • Heating System: Other
  • Cooling System: None
  • Parking: Stall
Address Map
  • Location: CA, British Columbia, Nanaimo, V9S3M3
  • Street: Holly
  • Street Number: 307
  • Street Suffix: Avenue
  • Longitude: W124° 3' 1.9''
  • Latitude: N49° 10' 31.5''
  • Zoning: Multi-Family
Additional Information
  • Lot Size Dimensions: 7260
Financial
  • Tax Annual Amount: 3183
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Listing updated: 2026-06-21 02:20:46
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Listing Information
  • List Agent Key: 2098456
  • List Office Key: 52883
  • Modification Timestamp: 2026-03-18T12:45:57Z
  • Originating System Name: Vancouver Island Real Estate Board
  • Status Change Timestamp: 2026-03-18T12:36:55Z
Powered by REALTOR.ca
Listing updated: 2026-06-21 02:20:47
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