C$599,900

311 Holly Ave, Nanaimo BC, V9S 3M3

Price per sqftC$582.43

Built in1964

Property size1,030 sqft

Property typeResidential

Courtesy of Sutton Group-West Coast Realty (Nan)

Overview

Active

Listed Sep 21, 2026

Updated 2 weeks ago

Outstanding multi-family development opportunity in Nanaimo’s growing Harbour City. 307 Holly Ave, together with 311 & 315 Holly Ave, offers R8 zoning and an approved Development Permit for a 47-unit apartment building, providing a clear and efficient path to development. All three properties are currently rented, generating solid holding income while plans move forward—ideal for investors seeking both cash flow and future upside. Located minutes from downtown Nanaimo, the waterfront, Harbourfront Walkway, transit, shopping, and dining, this site benefits from strong tenant demand and urban convenience. Nanaimo’s continued growth, supported by revitalization efforts and long-term expansion tied to the Port of Nanaimo, further enhances the investment appeal. A rare opportunity to acquire a permit-ready multi-family site in a high-demand, high-growth location. Measurements approx. buyers agent to verify if fundamental to purchase

Additional information

MLS^® ID: 1050398

Interior Features

Bedrooms: 3
Bathrooms: 1
Fireplace: Yes
Heating: Yes
Basement: No

Exterior Features

Lot Size: 0.17 Acres

Other Property Details

Taxes: $3,745
Tax Frequency: Annually
Pets Allowed: Yes

Courtesy of Sutton Group-West Coast Realty (Nan), Nita Sihota

Listing Contact: 604-679-8486

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