REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Listed by John MacDonald RE/MAX Camosun
$ 1,400,000
Est. payment /mo
Active
3801 Shenton Rd Nanaimo, BC V9T 2H1
0.75 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
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.
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 No
Garage No
Others
Ownership Freehold
Nearby School & Business
Get More Information
Search:
- Nanaimo Ocean Views HOT
- Nanaimo Ocean View Condos
- Nanaimo Mountain Views
- Nanaimo Waterfront Homes
- Nanaimo Income Properties
- Nanaimo Homes Under $550,000
- Nanaimo Homes Under $650,000 HOT
- Nanaimo Homes Under $750,000 HOT
- Nanaimo Foreclosures
- Nanaimo Price Reductions HOT
- Nanaimo Sales HOT
- Nanaimo Open Houses
Search Nanaimo Communities: