1015 Park Ave, Nanaimo BC V9R 4J5

1015 Park Ave, Nanaimo BC V9R 4J5 - Unimproved Land for Sale in Nanaimo, BC

This 0 bedroom, 0 bathroom unimproved land is listed for sale at $2,380,000 in Nanaimo, British Columbia. Lot size: 206,474 sq ft (4.74 acres).MLS® #1022549.

Prime Multi-Family Development Opportunity in South Nanaimo! 74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. A now expired development permit for a multi-family development, consisting of 14 single-family homes, was approved in 2017, but a new survey supports up to 23 single-family homes or stacked townhouses with the current R10 zoning.

And the City may allow site-specific density up to 35 units with a feasible site design meeting zoning guidelines. As well, the Citywide Parking Review has eased parking requirements, adding more potential benefits. Ideally located near transit, schools, shopping and VIU, this is an opportunity to provide modern, affordable homes in a highly desirable location.

Due diligence reports available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.

Looking for homes for sale in Nanaimo? Browse Nanaimo real estate listings,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.