DEVELOPMENT OPPORTUNITY! 1015 Park Avenue is a 4.74-acre multi-family site offering significant density potential of up to 36 townhouse units. The Suburban Neighbourhood OCP designation supports up to 25 units/ha. With site-specific rezoning approval, preliminary concepts indicate the property could potentially accommodate up to 36 townhomes. A 2024 topographic survey and slope analysis identify approximately 1.463 ha of developable area. Concept layouts explore building placement, access and grading in response to site constraints, giving developers a solid starting point to assess feasibility and design. Due-diligence materials include survey, slope and geotechnical information, terrain modelling and concept plans. Minutes from VIU, transit, schools, shopping and major routes, this is an opportunity to pursue a higher-density townhouse project in Nanaimo. Concepts and unit counts are preliminary; all development is subject to purchaser due diligence and required municipal approvals. (id:44393)
| MLS® Number | 1050853 |
| Property Type | Vacant Land |
| Neigbourhood | South Nanaimo |
| Features | Acreage, Central Location, Park Setting, Southern Exposure, Wooded Area, Corner Site, See Remarks, Other |
| View Type | City View, Mountain View |
| Acreage | Yes |
| Size Irregular | 4.74 |
| Size Total | 4.74 Ac |
| Size Total Text | 4.74 Ac |
| Zoning Description | R10 |
| Zoning Type | Unknown |
https://www.realtor.ca/real-estate/30329305/1015-park-ave-nanaimo-south-nanaimo
Contact us for more information
Mike Phillips
Personal Real Estate Corporation
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
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