1015 Park Ave, Nanaimo BC V9R 4J5

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

This 0 bedroom, 0 bathroom land is listed for sale at $2,380,000 in Nanaimo, British Columbia. Lot size: 206,474 sq ft (4.74 acres).MLS® #1037842.

Prime 4.74-acre multi-family development opportunity in South Nanaimo, located within a rapidly growing neighbourhood surrounded by newer residential construction. Zoned R10 with a Suburban Neighbourhood OCP designation, the property offers attractive territorial views and strong potential for a variety of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to 23 dwelling units under the existing zoning, based on the surveyed developable area.

The OCP supports low-rise residential forms including single-family homes, duplexes, tri-plexes, four-plexes, and townhomes, subject to City approvals. A previously approved 14-unit development permit demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified. Technical reports and supporting materials are available to qualified buyers.

Buyers should verify servicing and development possibilities.

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