Prime Multi-Family Development Opportunity in South Nanaimo. This is an exceptional 4.74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. A now expired development permit for a multi-family development, consisting of 14 single-family homes, was approved in 2017, but a new survey supports up to 23 single-family homes or stacked townhouses with the current R10 zoning. And the City may allow site-specific density up to 35 units with a feasible site design meeting zoning guidelines. And the Citywide Parking Review is expected to ease parking requirements, adding more potential benefits. Ideally located near transit, schools, shopping and VIU, this is an opportunity to provide modern, affordable homes in a highly desirable location. Due diligence reports available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.
Property Type:
Residential
Type:
Land
Listing General Location:
Na South Nanaimo, Nanaimo
Bedrooms:
0
Bathrooms:
0.0
(Full:-/Half:-)
Lot Size:
4.74 acre(s)1.92 hectare(s)
Kitchens:
0
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Water supply:
Municipal
Sewer:
Sewer Available
Fireplace:
No
City, Mountain(s)
Main Level
0
Yes
No
Unrestricted
Jurisdiction name:
City of Nanaimo
Zoning:
R10
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Lot Site Features:
Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks
Data was last updated May 10, 2025 at 04:05 AM (UTC)
Area Statistics
Listings on market:
110
Avg list price:
$649,900
Min list price:
$179,900
Max list price:
$21,000,000
Avg days on market:
36
Min days on market:
1
Max days on market:
404
Avg price per sq.ft.:
$406.49
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations.