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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® #1037845.
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,commercial sale properties, and Vancouver Island homes on IslandSold.com. Part of the Nanaimo area.
Property Type
Unimproved Land
Lot Size
206,474 sq ft(4.74 acres)
Bedrooms
0
Bathrooms
0
Area
Nanaimo
Neighborhood
South Nanaimo
MLS® Number
#1037845
View comprehensive market analysis for Park Ave including recent sales, pricing trends, and days on market statistics. Compare this property with other homes on the same street to better understand the local market.
View Park Ave Market ReportPrime 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.

Dallas King
Personal Real Estate Corporation
RE/MAX Generation
Discover more properties and explore the Nanaimo community, including the South Nanaimo neighborhood.
Prepared Buyer Program
Qualified Prepared Buyers receive a Premium at closing on purchases at this price.
~$13,400
* Estimated. Actual Premium confirmed per transaction prior to your first offer.
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