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Listing by Mike Phillips Sutton Group-West Coast Realty (Nan)

$1,999,000

Est. payment - /mo

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4.74 Acres Lot

Active

1015 Park Ave Nanaimo, BC V9R 4J5

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Kyle Kerr PREC

kyle@initiumre.com +1(250) 818-5595

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1050851

HOA Y/N No

Annual Tax Amount $11,838

Tax Year 2026

Lot Size 4.740 Acres

Acres 4.74

Property Sub-Type Land

Property Description

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.

Location

Province BC

County Nanaimo, City Of

Community Na South Nanaimo

Area Nanaimo

Zoning R10

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

View Y/N true

View City, Mountain(s)

Street Surface Paved

Garage No

Building

Lot Description Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks

Sewer Sewer Available

Water Municipal

Others

Pets Allowed Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK

Ownership Freehold

Virtual Tour https://youtu.be/Vo-bE6tczgo

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.”

NEARBY SCHOOLS & PROPERTIES

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