1015 Park Avenue, Nanaimo, BC, V9R 4J5

Property Details: - Type: Land - Bedrooms: 0 - Bathrooms: 0 - MLS#: 1037842 Listed By: SUTTON GROUP-WEST COAST REALTY (NAN)

Prime 4.74-acre multi-family development opportunity in South Nanaimo, located within a rapidly growing neighbourhood surrounded by newer residential construction. Zoned R10 with a Suburban Neighbourhood OCP designation, the property offers attractive territorial views and strong potential for a variety of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to 23 dwelling units under the existing zoning, based on the surveyed developable area. The OCP supports low-rise residential forms including single-family homes, duplexes, tri-plexes, four-plexes, and townhomes, subject to City approvals. A previously approved 14-unit development permit demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified. Technical reports and supporting materials are available to qualified buyers. Buyers should verify servicing and development possibilities. This land home located at 1015 Park Avenue, Nanaimo is currently for sale and has been available on Zolo.ca for 1 day. This property is listed at $2,380,000 with an estimated mortgage of $8,760* per month. It has beds and bathrooms. 1015 Park Avenue, Nanaimo is in the South Nanaimo neighborhood Nanaimo.