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$ 1,999,000
Est. payment /mo
Active
1015 Park Ave Nanaimo, BC V9R4J5
4.74 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision South Nanaimo
MLS® Listing ID 1050851
Lot Size 4.740 Acres
Acres 4.74
Property Sub-Type Freehold
Property Description
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. (id:24570)
Location
Province BC
Zoning Multi-Family
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N Yes
View City view, Mountain view
Attached Garage No
Garage No
Private Pool No
Others
Ownership Freehold
Virtual Tour https://youtu.be/Vo-bE6tczgo
Listed by Sutton Group-West Coast Realty (Nan)