Just Listed
Address
1015 Park Ave, Nanaimo, BC
Price
$ 1,999,000
Property Attributes
  • MLS#1050853
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa South Nanaimo
  • Postal CodeV9R 4J5
  • StyleUnimproved Land
  • Taxes$ 11838
  • Price$ 1,999,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size4.74 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

DEVELOPMENT OPPORTUNITY! 1015 Park Avenue is a 4.74-acre multi-family site offering significant density potential of up to 36 townhouse units. The Suburban Neighbourhood OCP designation supports up to 25 units/ha. With site-specific rezoning approval, preliminary concepts indicate the property could potentially accommodate up to 36 townhomes. A 2024 topographic survey and slope analysis identify approximately 1.463 ha of developable area. Concept layouts explore building placement, access and grading in response to site constraints, giving developers a solid starting point to assess feasibility and design. Due-diligence materials include survey, slope and geotechnical information, terrain modelling and concept plans. Minutes from VIU, transit, schools, shopping and major routes, this is an opportunity to pursue a higher-density townhouse project in Nanaimo. Concepts and unit counts are preliminary; all development is subject to purchaser due diligence and required municipal approvals.

General Features

Zoning R10
View City,Mountain(s)
Property Subtype Unimproved Land
Property Type Commercial Sale
Commercial Area Core (excl Downtown)
Commercial Listing Type Land

Exterior Features

Lot Features Acreage,Central Location,Corner,Easy Access,Family-Oriented Neighbourhood,Park Setting,Recreation Nearby,Shopping Nearby,Sidewalk,Southern Exposure,Wooded Lot,See Remarks
Water Source Municipal
Lot Size Square Feet 206474.00
Lot Size Acres 4.74
View 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 4J5

Price
AVG $2M
$2M
Taxes
AVG $11,838
$11,838

Areas We Cover