1015 Park Ave, Nanaimo

Type: Lots and Land
Added: 1 month ago
Updated: 1 month ago
Last Checked: 1 week ago
Listed by: Sutton Group-West Coast Realty (Nan)
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Listing description
This Vacant Lot at 1015 Park Ave Nanaimo, BC with the MLS Number 1009050 listed by Mike Phillips - Sutton Group-West Coast Realty (Nan) on the Nanaimo market 1 month ago at $3,000,000.

Prime Multi-Family Development Opportunity in South Nanaimo. Discover an exceptional 4.74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. This R10 zoned property offers scenic territorial views and flexible development potential. A now expired development permit for a multi-family development, consisting of 14 three-storey, single-family homes, was approved in 2017. However, a recent topographic survey indicates a substantially larger area of developable land than estimated in the expired DP, permitting a maximum potential density of 23 single-family homes or stacked townhouses under the current R10 zoning. The City of Nanaimo may also consider site-specific density up to 35 units with a feasible design plan meeting all zoning guidelines and site constraints. And the Citywide Parking Review is expected to ease parking requirements, adding further potential benefits. Ideally located steps from transit, close to schools, shopping centres, the Parkway Trail and Vancouver Island University, this property offers a rare opportunity to provide modern, affordable homes in a highly desirable location. Topographic Survey and other due diligence reports are available to serious buyers. The Buyer is responsible for independently verifying all property details and development potential through the City of Nanaimo, relevant authorities, or qualified third-party professionals. (id:1945)

Exterior & Lot Features Learn about the exterior and lot specifics of 1015 Park Ave

Lot Size Units: acres
Lot Size Dimensions: 4.74

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Nearby Listings Stat Estimated price and comparable properties near 1015 Park Ave

Active listings

271

Min Price

$55,000

Max Price

$3,750,000

Avg Price

$706,571

Days on Market

71 days

Sold listings

Min Sold Price

$138,000

Max Sold Price

$7,403,000

Avg Sold Price

$739,172

Days until Sold

64 days

Nearby Places Nearby schools and amenities around 1015 Park Ave

St Jean's Cannery & Smokehouse Gift Store, Head Office and Production Plant (1 km)
242 S Side Dr, Nanaimo

Calico Cat Tea House (1.8 km)
1081 Haliburton St, Nanaimo

Bada Bing Pizza (2.4 km)
450 Wakesiah Ave, Nanaimo

Mambo Gourmet Pizza (2.9 km)
16 Victoria Crescent, Nanaimo

ACME FOOD CO (2.9 km)
14 Commercial St, Nanaimo

The Keg Steakhouse & Bar - Nanaimo (3 km)
350 Robson St, Nanaimo

Bistro Taiyo Japanese Restaurant (3 km)
321 Wesley St, Nanaimo

Asteras (3 km)
347 Wesley St, Nanaimo

Vancouver Island University (2.5 km)
900 Fifth St, Nanaimo

Living Forest Oceanside Campground and RV Park (2.6 km)
6 Maki Rd, Nanaimo

Firehouse Grill (2.8 km)
7 Victoria Rd, Nanaimo

Thrifty Foods (3 km)
650 Terminal Ave, Nanaimo

Oxy Pub & Liquor Store (3 km)
432 Fitzwilliam St, Nanaimo

Nanaimo Museum (3 km)
100 Museum Way, Nanaimo

Price History

Listed

August 1, 2025

by Sutton Group-West Coast Realty (Nan)

Lots and Land For Sale

$3,000,000

1015 Park Ave, Nanaimo

Listing description This Vacant Lot at 1015 Park Ave Nanaimo, BC with the MLS Number 1009050 listed by Mike Phillips - Sutton Group-West Coast Realty (Nan) on the Nanaimo market 1 month ago at $3,000,000.

Nearby Listings Stat Estimated price and comparable properties near 1015 Park Ave

Nearby Places Nearby schools and amenities around 1015 Park Ave

Price History

Similar Vacant Land For Sale

Listing description
This Vacant Lot at 1015 Park Ave Nanaimo, BC with the MLS Number 1009050 listed by Mike Phillips - Sutton Group-West Coast Realty (Nan) on the Nanaimo market 1 month ago at $3,000,000.