Address
950 Bruce Ave, Nanaimo, BC
Price
$ 1,850,000
Property Attributes
  • MLS#1041976
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa South Nanaimo
  • Postal CodeV9R 4A3
  • StyleMulti Family
  • Year Built1920
  • Taxes$ 7345
  • Price$ 1,850,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage85377
  • Lot Size1.96 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

Rare 1.96-acre opportunity in the heart of Nanaimo’s growing Harewood neighbourhood. Ideally positioned with dual access from Bruce Avenue and Alpen Way, this property offers strong development potential in an area identified for increased residential density under the Harewood Neighbourhood Plan. The plan supports a mix of housing forms including multi-family, townhomes, and infill development (buyer to verify with the City of Nanaimo). Currently zoned R1, the property includes an existing 4-bedroom, 1-bath home plus a separate cabin, offering holding income or flexible living. A detached garage adds further utility. Located in a rapidly developing area just minutes to amenities, the property also backs onto approximately 5 acres of City-owned parkland, enhancing privacy and long-term appeal. A unique opportunity to secure a large parcel with future potential in one of Nanaimo’s evolving communities. Measurements are approximate and should be verified if important.

General Features

Sewer Sewer Connected
Heating Electric,Heat Pump
Cooling Air Conditioning
Zoning R1
Property Subtype Multi Family
Property Type Commercial Sale
Parking Total 8
Construction Materials Frame Wood,Insulation: Ceiling,Insulation: Walls
Commercial Area Core (excl Downtown)
Commercial Listing Type Building,Land

Interior Features

Flooring Mixed
Total Units 2

Exterior Features

Building Features Basement,Parking,Shopping Nearby,Storage Room,Workshop
Exterior Features Balcony/Deck,Fencing: Partial,Garden
Lot Features Acreage,Central Location,Cleared,Family-Oriented Neighbourhood,Park Setting,Quiet Area,Recreation Nearby,Shopping Nearby
Water Source Municipal
Foundation Poured Concrete
Building Area Total 85377.60
Lot Size Square Feet 85377.60
Lot Size Acres 1.96
Parking Onsite YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9R 4A3

Price
AVG $1.85M
$1.85M
Taxes
AVG $7,345
$7,345
Year Built
AVG 1920
1920
Visits
AVG 47
47
Data Provided by Inside Real Estate®

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