2379 Brown’s Lane presents a rare multi-family development opportunity in a central Nanaimo location, with a Development Permit already approved for 21 family-oriented townhomes. The entitlement work is complete, offering a meaningful jump-start and significantly reduced development risk. The site is well positioned near schools, shopping, transit routes, employment centres, and healthcare services—key drivers of long-term end-user demand. The approved density and layout align with proven absorption trends for townhome product in the area. Construction timing allows a developer to build through the current market cycle with anticipated completion aligning with improved market conditions. An excellent opportunity for builders or investors seeking clarity, certainty, and a strategic path forward in a well-established neighbourhood. (id:44393)
| MLS® Number | 1025313 |
| Property Type | Single Family |
| Neigbourhood | Diver Lake |
| Parking Space Total | 4 |
| Bathroom Total | 1 |
| Constructed Date | 1968 |
| Cooling Type | None |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 572 Ft2 |
| Total Finished Area | 572 Sqft |
| Type | House |
| Open |
| Acreage | No |
| Size Irregular | 0.98 |
| Size Total | 0.98 Ac |
| Size Total Text | 0.98 Ac |
| Zoning Description | Cor 1 |
| Zoning Type | Residential |
| Level | Type | Length | Width | Dimensions |
|---|
https://www.realtor.ca/real-estate/29332047/2379-browns-lane-nanaimo-diver-lake
Contact us for more information
Jeff King
Personal Real Estate Corporation
(250) 756-2112
(250) 756-9144
www.suttonnanaimo.com/
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