



$1,999,000
Nanaimo
1015 Park Avenue, Nanaimo, British Columbia, V9R4J5
This lot in Nanaimo is for sale. It has been on the market 40 days, fresher than the Nanaimo average of 87 days.
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:66096)
Features and services as supplied by the listing brokerage.
Extended: 40 days on market, against an average age of 87 days across the listings currently for sale in this city
This vacant land in Nanaimo has been listed for 40 days, which is 47 days fresher than the city average of 87. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
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