307, 311,315 Holly Ave, Nanaimo, BC, V9S 3M3

MLS® # 1050394

Investment For Sale In Townsite, Nanaimo, British Columbia

$1,800,000

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307, 311,315 Holly Ave, Nanaimo, BC, V9S 3M3

$1,800,000

Property Information:

Exceptional Development Opportunity in Nanaimo!An outstanding chance to acquire a shovel-ready, fully permitted multi-family project in the heart of one of Vancouver Island’s fastest-growing communities. This offering includes 307, 311 & 315 Holly Avenue, with a Development Permit issued for a 5-storey, 47-unit apartment building in the highly desirable and rapidly developing Central Nanaimo area.Known as the Harbour City, Nanaimo continues to experience strong population growth, a thriving economy, and one of the island's hottest rental markets, making this an ideal opportunity for investors and developers. The city’s high demand for quality rental housing ensures strong long-term value and income potential.Sellers may assist with the build, presenting a rare opportunity to collaborate on a prime residential development in a high-demand location. Call us today for more info. Measurements approx. Buyer to verify if fundamental to purchase

Property Features:

Annual Tax Amount: $1,602,000
Floor Space (approx): 3000 Square Feet
Lot Frontage: 21780 Square Feet
Lot Size: 0.50 Acres
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Zoning: RM5
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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