About 1015 Park Ave
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.
Basic Information
| Price | $2,380,000 |
|---|---|
| MLS® # | 1037842 |
| Sub-Type | Land |
| Baths | 0.00 |
| Lot Size | 4.74 Acres |
Location Information
| Address | 1015 Park Ave |
|---|---|
| Postal Code | V9R 4J5 |
| Area | Nanaimo |
| Sub Area | South Nanaimo |
| Jurisdiction | City of Nanaimo |
| PID Number | 026-876-795 |
| View | City, Mountain(s) |
| Waterfront? | No |
Features & Amenities
| Water | Municipal |
|---|---|
| Sewer | Sewer Available |
Additional Information
| Pet Policy | Aquariums, Birds, Caged Mammals, Cats, Dogs |
|---|---|
| Rental Policy | Unrestricted |
| Agricultural Land Reserve (ALR)? | No |
| Lot Features | Acreage, Central Location, Corner, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded Lot, See Remarks |
Listing Details
| Office | Sutton Group-West Coast Realty (Nan) |
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