For Sale: 1015 Park Avenue, Nanaimo, BC - REW
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$2,380,000
0 bd • ba • sf • Land/Lot
1015 Park Avenue
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$2,380,000
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1015 Park AvenueNanaimo, BC, V9R 4J5

South Nanaimo
  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

Prime 4.74-acre multi-family development opportunity in South Nanaimo, located within a rapidly growing neighbourhood surrounded by newer residential construction. Zoned R10 with a Suburban Neighbourhood OCP designation, the property offers attractive territorial views and strong potential for a variety of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to 23 dwelling units under the existing zoning, based on the surveyed developable area. The OCP supports low-rise residential forms including single-family homes, duplexes, tri-plexes, four-plexes, and townhomes, subject to City approvals. A previously approved 14-unit development permit demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified. Technical reports and supporting materials are available to qualified buyers. Buyers should verify servicing and development possibilities.
Listed by: Mike Phillips PREC*, Sutton Group-West Coast Realty (Nan)

Home facts and features

Price details
List Price
$2,380,000
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Gross Taxes for 2025
$11,186
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
4.74 acres
Title
Freehold
Features
Acreage, Central Location, Corner, Easy Access, Family-oriented Neighbourhood, Park Setting, See Remarks, Sidewalk, Southern Exposure, Wooded Lot
Amenities
Recreation Nearby, Shopping Nearby
Community
Agent details
Primary Agent
Primary Broker
Sutton Group-West Coast Realty (Nan)
Listing details
Days on REW
16 Days
Property Views
43
MLS® Number
1037845
Source
Victoria and Vancouver Island MLS
Board
Vancouver Island Real Estate Board
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Park Avenue Elementary School
  • Public
  • K - 7
  • In Catchment
John Barsby Community School
  • Public
  • 8 - 12
The High School at VIU
  • Independent
  • 10 - 12
Pauline Haarer Elementary School
  • Public
  • K - 7
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Mike Phillips PREC*
Phone:
(250) 756-2112
Cell:
250-802-3445
Office:
250-756-2112
Fax:
250-756-9144
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.