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John Cooper

john@johncooper.ca +1(250) 619-9207

$ 3,000,000

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1015 Park Ave Nanaimo, BC V9R 4J5

4.75 Acres Lot

UPDATED:

Key Details

Property Type Vacant Land

Sub Type Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1009044

Rental Info Unrestricted

Annual Tax Amount $4,998

Tax Year 2024

Lot Size 4.750 Acres

Acres 4.75

Property Sub-Type Land

Property 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. And the Citywide Parking Review is expected to ease 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.

Location

Province BC

County Nanaimo, City Of

Area Na South Nanaimo

Zoning R10

Rooms

Kitchen 0

Exterior

View Y/N Yes

View City, Mountain(s)

Building

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

Sewer Sewer Available

Water Municipal

Others

Pets Allowed Yes

Tax ID 026-876-795

Ownership Freehold

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

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

Listed by Sutton Group-West Coast Realty (Nan)

John Cooper

Agent | License ID: 1184085

+1(250) 619-9207

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