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1015 Park Ave, Nanaimo, BC, V9R 4J5

MLS® # 1050853
new listing
Vacant Land For Sale In Five Acres, Nanaimo, British Columbia
$1,999,000

None Beds

1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
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MULTIMEDIA

1015 Park Ave, Nanaimo, BC, V9R 4J5
$1,999,000

Property Information:

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.

Property Features:

  • Annual Tax Amount: $11,838
  • Lot Features: Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Recreation Nearby, Shopping Nearby, Sidewalk, Southern Exposure, Wooded, See Remarks
  • Lot Frontage: 206474 Square Feet
  • Lot Size: 4.74 Acres
  • Ownership: Freehold
  • Property Sub Type: Unimproved Land
  • View: City, Mountain(s)
  • Water Source: Municipal
  • Zoning: R10
  • No. of Parking Spaces: 0

Courtesy of: Sutton Group-West Coast Realty (Nan)

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.

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Market Price Trends

Single family detached

3.14%

Price change (1 year)

47.07%

Price change (5 years)

All Properties

3.14%

Price change (1 year)

46.99%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 1015 Park Ave, Nanaimo, BC, V9R 4J5

Demographic Information of 1015 Park Ave, Nanaimo, BC, V9R 4J5

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$94,917.79

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.97 %

High school certificate or equivalent

34.48 %

Apprenticeship trade certificate/diploma

9.85 %

College/non-university certificate

18.38 %

University certificate (below bachelor)

1.43 %

University Degree

16.88 %

Commuter

Travel To Work

By Car

92.98 %

By Public Transit

1.75 %

By Walking

3.15 %

By Bicycle

0.0 %

By Other Methods

2.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.49 %

Houses

93.51 %

Own Vs. Rent

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