About 311 Holly Ave
Outstanding multi-family development opportunity in Nanaimo’s growing Harbour City. 307 Holly Ave, together with 311 & 315 Holly Ave, offers R8 zoning and an approved Development Permit for a 47-unit apartment building, providing a clear and efficient path to development. All three properties are currently rented, generating solid holding income while plans move forward—ideal for investors seeking both cash flow and future upside. Located minutes from downtown Nanaimo, the waterfront, Harbourfront Walkway, transit, shopping, and dining, this site benefits from strong tenant demand and urban convenience. Nanaimo’s continued growth, supported by revitalization efforts and long-term expansion tied to the Port of Nanaimo, further enhances the investment appeal. A rare opportunity to acquire a permit-ready multi-family site in a high-demand, high-growth location. Measurements approx. buyers agent to verify if fundamental to purchase
Basic Information
| Price | $749,000 |
|---|---|
| MLS® # | 1025208 |
| Sub-Type | Single Family Detached |
| Year Built | 1964 |
| Beds | 3 |
| Baths | 1.00 |
| Kitchens | 1 |
| Building SqFt | 1,030 |
| Lot Size | 0.17 Acres |
Location Information
| Address | 311 Holly Ave |
|---|---|
| Postal Code | V9S 3M3 |
| Area | Nanaimo |
| Sub Area | Central Nanaimo |
| Jurisdiction | City of Nanaimo |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Connected |
| Heating | Baseboard |
| Cooling | None |
| Foundation Details | Poured Concrete |
| Property Condition | Resale |
| Laundry | In Unit |
| Parking | Carport, Driveway |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
Listing Details
| Office | Sutton Group-West Coast Realty (Nan) |
|---|