C$1,999,000

1015 Park Ave, Nanaimo BC, V9R 4J5

Price per sqftN/A

Property typeCommercial

Courtesy of Sutton Group-West Coast Realty (Nan)

Overview

Active

Listed Sep 25, 2026

Updated 2 weeks ago

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.

Additional information

MLS^® ID: 1050853

Interior Features

Basement: No

Exterior Features

Lot Size: 4.74 Acres

Other Property Details

Taxes: $11,838
Tax Frequency: Annually
View: Yes

Courtesy of Sutton Group-West Coast Realty (Nan), Mike Phillips

Listing Contact: 250-802-3445

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