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1015 Park Ave
Na South Nanaimo Nanaimo V9R 4J5

$3,000,000
Residential beds: 0 baths: 0.0

Main Photo: 1015 Park Ave in Nanaimo: Na South Nanaimo Land for sale : MLS®# 1009044
Photo 1: 1015 Park Ave in Nanaimo: Na South Nanaimo Land for sale : MLS®# 1009044
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Status:
Active
Prop. Type:
Residential
MLS® Num:
1009044
Prime Multi-Family Development Opportunity in South Nanaimo. This is an exceptional 4.74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. A now expired development permit for a multi-family development, consisting of 14 single-family homes, was approved in 2017, but a new survey supports up to 23 single-family homes or stacked townhouses with the current R10 zoning. And the City may allow site-specific density up to 35 units with a feasible site design meeting zoning guidelines. And the Citywide Parking Review is expected to ease parking requirements, adding more potential benefits. Ideally located near transit, schools, shopping and VIU, this is an opportunity to provide modern, affordable homes in a highly desirable location. Due diligence reports available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.
Property Type:
Residential
Type:
Land
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na South Nanaimo, Nanaimo
Bedrooms:
0
Bathrooms:
0.0 (Full:-/Half:-)
Lot Size:
4.74 acre(s)
Kitchens:
0
Taxes:
Ceiling Heights:
Commercial Area:
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Water supply:
Municipal
Sewer:
Sewer Available
Fireplace:
No
Pending Date:
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
R10
Units in Building:
Units in Community:
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Lot Site Features:
Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks
Carport Spaces:
0
Garage Spaces:
0
Garage:
No
Total Parking Spaces:
0
Road Surface Type:
Paved
Total Units:
Date Listed:
Aug 01, 2025
Original Price:
3000000.0
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Virtual Tour

Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated August 31, 2025 at 06:05 AM (UTC)
Area Statistics
Listings on market:
109
Avg list price:
$599,900
Min list price:
$167,900
Max list price:
$21,000,000
Avg days on market:
59
Min days on market:
2
Max days on market:
518
Avg price per sq.ft.:
$394.01
These statistics are generated based on the current listing's property type and located in Na South Nanaimo. Average values are derived using median calculations. This data is not produced by the MLS® system.

Luxury Homes and Buying Homes on Vancouver Island and Victoria

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MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.