878 Park Ave, Nanaimo

878 Park Ave, Nanaimo, BC V9R4H8 Photo 1

11 Photos

878 Park Ave, Nanaimo, BC V9R4H8 Photo 2
878 Park Ave, Nanaimo, BC V9R4H8 Photo 3
878 Park Ave, Nanaimo, BC V9R4H8 Photo 4
878 Park Ave, Nanaimo, BC V9R4H8 Photo 5
878 Park Ave, Nanaimo, BC V9R4H8 Photo 6
878 Park Ave, Nanaimo, BC V9R4H8 Photo 7
  • MLS®: 945844
  • Type: Townhouse
  • Added: 199 days ago

Property Details

Rezoning to R10 and approval for 32 townhomes in a cluster of 7 buildings containing 2 to 6 units each is near complete. The design proposes 18 - 4-bedroom townhomes, 9 - 3-bedroom Rowhouses, and 5 - 2-bedroom flats for a total of approx. 45,000 of floor area on a site of 4.04 acres. Parking Stalls per unit are 2 (Provided as a mix of in-suite garages, driveways, parking stalls and tandem stalls.) Visitor Stalls: 4, Total Stalls: 68. The site backs onto a natural riparian area which provides for privacy, peace, and tranquility. Amenities are mere minutes away such as shopping, restaurants, aquatic centre for recreation and Vancouver Island University providing more than 120 programs, from graduate and undergraduate degrees to trades diplomas and certificates for 12,000 students (12% Indigenous and 12% international) as well as close proximity to downtown and transit. Contact listing agent for info package (id:1945)

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Property Information

  • Tax Lot: 1
  • Zoning: Unknown
  • Lot Features: Acreage, Central location, Level lot, Private setting, Other
  • Photos Count: 11
  • Lot Size Units: acres
  • Parcel Number: 001-279-939
  • Structure Type: Multi-Family
  • Common Interest: Freehold
  • Tax Annual Amount: 4846
  • Lot Size Dimensions: 4.04
  • Zoning Description: R10
  • Number Of Units Total: 32
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Nearby Places

Name Type Address Distance
Petroglyph Provincial Park Petroglyph Park is the site of hundreds of native ... 1.1 km
St Jean's Cannery & Smokehouse Gift Store, Head Office and Production Plant Food 242 S Side Dr 1.2 km
1887 Nanaimo mine explosion Only seven miners survived and the mine burned for... 1.7 km
Calico Cat Tea House Cafe 1081 Haliburton St 1.8 km
Bada Bing Pizza Restaurant 450 Wakesiah Ave 1.9 km
Nanaimo (provincial electoral district) Nanaimo is a provincial electoral district for the... 1.9 km
Chase River It is the namesake of the Nanaimo neighbourhood of... 2.0 km
Nanaimo (electoral district) This riding was created as Nanaimo riding in 1903 ... 2.0 km
Firehouse Grill Bar 7 Victoria Rd 2.0 km
Nanaimo railway station The station was a stop on Via Rail's Victoria – Co... 2.1 km
Vancouver Island University University 900 Fifth St 2.1 km
Mambo Gourmet Pizza Restaurant 16 Victoria Crescent 2.1 km
Similar Townhouses Stat in Nanaimo
We have found 4 Townhomes that closely match the specifications of the property located at 878 Park Ave with distances ranging from 2 to 3 kilometers away. The prices for these similar properties vary between 999,900 and 1,158,888, providing a good range for comparison. Moreover, we have also discovered that there are a few open Townhomes in the V9R4H8 postal code area of Nanaimo British Columbia Canada.
878 Park Ave mortgage payment
Based on the given information, we can estimate the monthly mortgage payment for someone interested in purchasing the property located at 878 Park Ave. The current price of the property is $1,495,000, and the mortgage rate being used for the calculation is 4.44%, which is a competitive rate offered by Ratehub.ca. Assuming a conventional mortgage with a 20% down payment, the total amount borrowed would be $1,196,000. This would result in a monthly mortgage payment of $6,991 over a 25-year amortization period.

Demographic Information

Neighbourhood Education

Master's degree 10
Bachelor's degree 60
University / Below bachelor level 35
Certificate of Qualification 15
College 45
University degree at bachelor level or above 65

Neighbourhood Marital Status Stat

Married 140
Widowed 20
Divorced 50
Separated 20
Never married 140
Living common law 75
Married or living common law 215
Not married and not living common law 225

Neighbourhood Construction Date

1961 to 1980 80
1981 to 1990 25
1991 to 2000 25
2001 to 2005 15
2006 to 2010 30
1960 or before 45
Comparison of 878 Park Ave, Nanaimo, BC with Nearby Townhouses
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Halfmoon Bay Real Estate 52 $1.937.929
Lake Cowichan Real Estate 63 $1.024.405
Gibsons Real Estate 129 $1.119.781
Bowen Island Real Estate 60 $1.619.917
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