For Sale: 3801 Shenton Road, Nanaimo, BC - REW
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$1,400,000
0 bd • ba • sf • Land/Lot
3801 Shenton Road
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$1,400,000
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3801 Shenton RoadNanaimo, BC, V9T 2H1

Diver Lake
  • 0 Bed
  • Bath
  • Sqft
  • Land/Lot

About this home

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.
Listed by: John MacDonald PREC*, RE/MAX Camosun

Home facts and features

Price details
List Price
$1,400,000
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Gross Taxes for 2025
$20,756
Home facts
Bedrooms
0
Full Bathrooms
Property Type
Land/Lot
Lot Size
32722 ft²
Title
Freehold
Community
Agent details
Primary Agent
Primary Broker
RE/MAX Camosun
Listing details
Days on REW
137 Days
Property Views
82
MLS® Number
1024041
Source
Victoria and Vancouver Island MLS
Board
Victoria 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

Wellington Secondary School
  • Public
  • 8 - 12
  • In Catchment
Coal Tyee Elementary School
  • Public
  • K - 7
  • In Catchment
Dover Bay Secondary School
  • Public
  • 8 - 12
Nanaimo Christian School
  • Independent
  • K - 12
Quarterway School
  • Public
  • Pre-K - 7
Discover Montessori School
  • Independent
  • K
Hammond Bay Elementary School
  • Public
  • K - 7
Aspengrove School
  • Independent
  • K - 12
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
John MacDonald PREC*
Phone:
604-751-0819
Office:
250-744-3301
Fax:
250-744-3904
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