3801 Shenton Rd, Nanaimo, BC V9T 2H1
3801 Shenton Rd, Nanaimo, BC V9T 2H1
3801 Shenton Rd, Nanaimo, BC V9T 2H1
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Listing by John MacDonald RE/MAX Camosun
$1,400,000
Est. payment /mo
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0.75 Acres Lot
Active

3801 Shenton Rd Nanaimo, BC V9T 2H1

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Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1024041

HOA Y/N No

Annual Tax Amount $20,755

Tax Year 2025

Lot Size 0.750 Acres

Acres 0.75

Property Sub-Type Unimproved Land

Property Description

A well-positioned lakefront residential development investment opportunity is available for builders and developers seeking a manageable-scale project. This approximately 3/4-acre property fronts Diver Lake, featuring flexible COR2 zoning, which supports street-oriented, medium-density residential and mixed-use development along major corridors.

The site previously held a Development Permit for approximately 16–20 residential units in a multi-storey building with underground parking. While a new Development Permit will be required, the prior approval demonstrates the site's suitability for a purpose-built rental apartment or boutique condominium project at a manageable scale.

With strong southern exposure, direct lake frontage, and proximity to schools, transit, and amenities, this property offers a compelling infill development opportunity within Nanaimo's growing urban corridor—well suited to developers seeking an efficient project with long-term rental or sell-out potential.

Location

Province BC

County Nanaimo, City Of

Community Na Diver Lake

Area Nanaimo

Zoning COR2

Interior

Fireplace No

Exterior

View Y/N false

Garage No

Others

Ownership Freehold


NEARBY SCHOOLS & PROPERTIES

Initium Real Estate Ltd

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A, 4B1

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3801 Shenton Rd