$1,999,000
 $10,731 est/mo Sourced by Back At You

1015 Park Ave,Nanaimo, BC V9R4J5

Nanaimo, BC V9R4J5

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Description

DEVELOPMENT OPPORTUNITY! 1015 Park Avenue is a 4.74-acre multi-family site offering significant density potential of up to 36 townhouse units. The Suburban Neighbourhood OCP designation supports up to 25 units/ha. With site-specific rezoning approval, preliminary concepts indicate the property could potentially accommodate up to 36 townhomes. A 2024 topographic survey and slope analysis identify approximately 1.463 ha of developable area. Concept layouts explore building placement, access and grading in response to site constraints, giving developers a solid starting point to assess feasibility and design. Due-diligence materials include survey, slope and geotechnical information, terrain modelling and concept plans. Minutes from VIU, transit, schools, shopping and major routes, this is an opportunity to pursue a higher-density townhouse project in Nanaimo. Concepts and unit counts are preliminary; all development is subject to purchaser due diligence and required municipal approvals. (id:7524)

Details

MLS #1050853
Listing TypeFor Sale
StatusActive
Days On Site40
Listing Provided BySutton Group-West Coast Realty (Nan) | Mike Phillips

Features

ZoningUnknown
Acreage4.74
Property ViewCity view, Mountain view

Interior

Fireplace Yes / NoNo

Exterior

Lot FeaturesAcreage, Central location, Park setting, Southern exposure, Wooded area, Corner Site, See remarks, Other

Taxes

Tax Annual Amount11838

Area Information

ProvinceBC
CityNanaimo
Postal CodeV9R4J5
Listing VS Median (in V9R4J5)
Price:
$1,999,000
low | high
Med:
$982,450
100% of Average
On site:
40
low | high
Med:
96
41.666666666667% of Average
Sourced by Back At You

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Additional Information

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Contact

Learn More About This Property

Alex Winiarski

Alex Winiarski

Sutton Group - Quantum Realty Inc- Brokerage

Seniors Real Estate Specialist, REALTOR® (416) 455-9151alexwiniarski@sutton.com
ProvinceBC
CityNanaimo
Postal CodeV9R4J5
Listing VS Median (in V9R4J5)
Price:
$1,999,000
low | high
Med:
$982,450
100% of Average
On site:
40
low | high
Med:
96
41.666666666667% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $1.499M - $2.498M
sqft: 0 - 0
Nearby Listings Property ImageNearby Listings Details
1015 Park Ave Property Photo 1
$1,999,000
1015 Park Ave
Nanaimo, BC V9R4J5
Listing Updated: September 29, 2026 at 2:25:22 AM PDT

Alex Winiarski - Sutton