1015 Park Ave Nanaimo, BC V9R 4J5
Listing Courtesy of: VIVA / Sutton Group-West Coast Realty (nan)

  1015 Park Ave Nanaimo, BC V9R 4J5

Active (64 Days)
$1,901,596 (USD)

Description

Prime Multi-Family Development Opportunity in South Nanaimo! This is an exceptional 4.74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. A now expired development permit for a multi-family development, consisting of 14 single-family homes, was approved in 2017, but a new survey supports up to 23 single-family homes or stacked townhouses with the current R10 zoning. And the City may allow site-specific density up to 35 units with a feasible site design meeting zoning guidelines. As well, the Citywide Parking Review has eased parking requirements, adding more potential benefits. Ideally located near transit, schools, shopping and VIU, this is an opportunity to provide modern, affordable homes in a highly desirable location. Due diligence reports available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.

MLS®:
1022548
Taxes
$11,186(2025)
Lot Size
4.74 acres
Type
Land
Views
City, Mountain(s)
County
Nanaimo

Listed By

Mike Phillips, Sutton Group-West Coast Realty (nan)
Source
VIVA
Last checked Mar 11 2026 at 5:47 PM GMT+0000
Bathroom Details
Lot Information
  • Acreage
  • Central Location
  • Family-Oriented Neighbourhood
  • Recreation Nearby
  • Wooded
  • Quiet Area
  • Shopping Nearby
  • Park Setting
  • Southern Exposure
  • Easy Access
  • Corner Lot
  • See Remarks
Utility Information
  • Sewer: Sewer Available
Location
   
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Disclaimer: Copyright 2026 Victoria Real Estate Board. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 3/11/26 10:47