Exceptional Development Opportunity in Nanaimo!
An outstanding chance to acquire a shovel-ready, fully permitted multi-family project in the heart of one of Vancouver Island’s fastest-growing communities. This offering includes 307, 311 & 315 Holly Avenue, with a Development Permit issued for a 5-storey, 47-unit apartment building in the highly desirable and rapidly developing Central Nanaimo area.
Known as the Harbour City, Nanaimo continues to experience strong population growth, a thriving economy, and one of the island's hottest rental markets, making this an ideal opportunity for investors and developers. The city’s high demand for quality rental housing ensures strong long-term value and income potential.
Sellers may assist with the build, presenting a rare opportunity to collaborate on a prime residential development in a high-demand location.Measurements approx, Buyer to verify if fundamental to purchase
Address
311, 307,315 Holly Ave
List Price
$2,499,900
Property Type
Residential
Type of Dwelling
Single Family Residence
Area
Nanaimo
Sub-Area
Na Central Nanaimo
Bedrooms
3
Bathrooms
1
Floor Area
1,060 Sq. Ft.
Lot Size
21800 Sq. Ft.
Lot Size (Acres)
0.5 Ac.
Year Built
1904
MLS® Number
1002032
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Basement Area
Crawl Space
Postal Code
V9S 3M3
Tax Amount
$5,000.00
Tax Year
2024
Features
Baseboard, Electric, Laminate
Amenities
Fencing: Full, Marina Nearby, Recreation Nearby, Sidewalk
