$2,380,000
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1015 Park Ave, Nanaimo, BC V9R4J5

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Prime 4.74-acre multi-family development opportunity in South Nanaimo, ideally situated within a rapidly growing neighbourhood characterized by newer, high-quality residential construction. Zoned R10 and designated Suburban Neighbourhood in the Official Community Plan, the property offers attractive territorial views and strong potential for a range of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to 23 dwelling units under the existing R10 zoning, based on the surveyed developable area. The OCP supports a variety of low-rise residential forms, including single-unit dwellings, duplexes, tri-plexes, four-plexes, and townhomes, with densities up to 25 units per hectare and building heights up to three storeys, subject to City approvals. A previously approved 14-unit development permit (now expired) demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified, potentially supporting expanded design possibilities. Technical materials, including topographical surveys, environmental mapping, and related reports, are available to qualified buyers to assist with concept planning and due diligence. Buyers are encouraged to independently verify development potential, servicing requirements, and all necessary approvals with the City of Nanaimo and qualified professionals. (id:58753)

Listing By: Mike Phillips - Sutton Group-West Coast Realty (Nan) cncrea2 Realty.com
  • MLS® 1037845
  • Date Listed05/22/2026
  • Days on Realty 16 Days
  • Bedrooms -
  • Bathrooms
  • Lot Size 206,474 sq. ft

Exterior / Lot Features

  • Roof -
  • Lot Size Acres -
  • Lot Size SQFT 206,474.40
  • Lot Features Acreage, Central location, Park setting, Southern exposure, Wooded area, Corner Site, See remarks, Other

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for V9R4J5

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

Walkability in BC / V9R4J5

Source: Walk Score

25/100

Car-Dependent

Walk Score ®

33/100

Some Transit

Transit Score ®

30/100

Bikable

Bike Score ®

Overview

Most errands require a car. A few nearby public transportation options. Minimal bike infrastructure.

Transit Summary

5 nearby routes: 5 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 30/100, Transit Score: 29/100, Bike Score: 33/100.

Points of Interest near 1015 Park Ave, Nanaimo, BC V9R4J5

Frequently Asked Questions for 1015 Park Ave

Source: Realty.com

1015 Park Ave, Nanaimo, BC V9R4J5 in Nanaimo, BC V9R4J5 is a land listed at $2,380,000. Realty.ca has 14 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 14 photos of 1015 Park Ave.

The full address for this home is 1015 Park Ave, Nanaimo, BC V9R4J5.

1015 Park Ave has been listed on Realty.com since Fri May 22, 2026

Most errands require a car. A few nearby public transportation options. Minimal bike infrastructure.

The average walkability score in the surrounding area is Walk Score: 30/100, Transit Score: 29/100, Bike Score: 33/100.

Listing provided courtesy of: Sutton Group-West Coast Realty (Nan)
Listing agent: Mike Phillips

This content last refreshed on 2026-06-07 06:37:06. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.