$599,900
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311 Holly Ave, Nanaimo, BC V9S3M3

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3 Beds
1 Bath
1,030 Sq Ft

Exceptional multi-family development opportunity in Nanaimos rapidly evolving Harbour City. 307 Holly Ave, together with 311 & 315 Holly Ave, offers R8 zoning and comes with an approved Development Permit for a 47-unit apartment building, providing a clear path forward for investors and developers. All three properties are currently tenant-occupied, generating solid rental income while plans progress toward future constructionoffering both holding income and development upside. This flexibility allows investors to strategically time development while benefiting from cash flow in the interim. Ideally located close to downtown Nanaimo, the waterfront, and the Harbourfront Walkway, the site is surrounded by key amenities including shopping, restaurants, transit, parks, and educational institutions. The area continues to see strong demand driven by urban revitalization and proximity to employment hubs. Nanaimos ongoing growth, coupled with long-term expansion tied to the Port of Nanaimo, positions this offering as a compelling opportunity for future appreciation. With increasing demand for purpose-built rental housing and a streamlined approval already in place, this is a rare chance to secure a prime, shovel-ready multi-family site in one of Vancouver Islands most dynamic markets. A strategic investment combining location, income, approvals, and long-term growth potential. Measurements approx. Buyers agent to verify if fundamental to purchase. (id:58753)

  • MLS® 1050398
  • Date Listed09/21/2026
  • Days on Realty 8 Days
  • Bedrooms 3
  • Bathrooms 1 baths
  • Lot Size 7,260 sq. ft
  • Year Built 1964
  • Square Feet 1,030 sq. ft
  • Price Per Sq. Ft $582.43

Interior Features

  • Cooling None
  • Heating Baseboard heaters

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 7,260.00
  • Lot Features -

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9S3M3

Discover key demographics, population statistics, and environmental insights for the Nanaimo, BC area.

Walkability in BC / V9S3M3

Source: Walk Score

75/100

Very Walkable

Walk Score ®

48/100

Some Transit

Transit Score ®

71/100

Very Bikeable

Bike Score ®

Overview

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

15 nearby routes: 14 bus, 0 rail, 1 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 34/100, Transit Score: 35/100, Bike Score: 35/100.

Points of Interest near 311 Holly Ave, Nanaimo, BC V9S3M3

Frequently Asked Questions for 311 Holly Ave

Source: Realty.com

311 Holly Ave, Nanaimo, BC V9S3M3 in Nanaimo, BC V9S3M3 is a single family residence listed at $599,900. Highlights include 3 bedrooms, 1 bathroom, 1,030 sq. ft., built in 1964, $582 per sq. ft.. Realty.ca has 11 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 11 photos of 311 Holly Ave.

Our records indicate that 311 Holly Ave was built in 1964.

The full address for this home is 311 Holly Ave, Nanaimo, BC V9S3M3.

311 Holly Ave has been listed on Realty.com since Mon September 21, 2026

Most errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 34/100, Transit Score: 35/100, Bike Score: 35/100.

This content last refreshed on 2026-09-29 06:05:48. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.