Nanaimo · Commercial Sale · MLS® 1025216

307, 311,315 Holly Ave, Nanaimo

$2,249,000
166Days on Market

About this property

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. Call us today for more info. Measurements approx. Buyer to verify if fundamental to purchase

Features & details

DDF Property Type Multi-family
Building Type Multi-Family
Land Size 21,780 sq ft (0.5 acres)
Property Type Multi Family
Zoning RM5

Location

Brokerage Listed by Sutton Group-West Coast Realty (Nan). Information is deemed reliable but not guaranteed.