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 $1,999,000 in Nanaimo, British Columbia. Lot size: 206,474 sq ft (4.74 acres).MLS® #1050853.

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.

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