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. Also listed under MLS 1002032
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Building, Land
Lease Type:
Sale Price
Listing General Location:
Na Central Nanaimo, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
0.5 acre(s)0.2 hectare(s)
Total Building Area:
3,030 sq. ft.281 m2
Fireplace:
No
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
RM5
Parking Features:
On Site
Total Parking Spaces:
0
Date Listed:
Jun 02, 2025
Original Price:
2499000.0
View of miscellaneous property collateral
View of a document
Back of property with a shingled roof
View of side of property
View of front facade with a fenced front yard and a chimney
View of front of house featuring a porch, a gate, a fenced front yard, driveway, and a chimney
Bungalow featuring covered porch, a gate, a fenced front yard, a chimney, and stucco siding
View of yard
View of front of house featuring a porch, a gate, a fenced front yard, driveway, and a chimney
Bungalow featuring covered porch, a gate, a fenced front yard, a chimney, and stucco siding
View of home's exterior with a chimney
View of yard
Living room featuring wood finished floors
Living area featuring ornamental molding, wood finished floors, and a fireplace
Kitchen with electric stove, light wood-type flooring, a baseboard radiator, and ventilation hood
Kitchen with range with electric cooktop, washer and clothes dryer, a sink, under cabinet range hood, and light wood finished floors
Kitchen with washer / clothes dryer, electric range, black microwave, light wood-style floors, and freestanding refrigerator
Data was last updated December 29, 2025 at 06:05 PM (UTC)
Area Statistics
Listings on market:
12
Avg list price:
$650,000
Min list price:
$46,900
Max list price:
$6,250,000
Avg days on market:
86
Min days on market:
33
Max days on market:
448
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.