Development Opportunity - Expansive 90.48-acre parcel located in the rapidly growing area of South Nanaimo. Currently zoned R10, this zoning provides for detached, single residential dwelling subdivisions and clustered multiple family developments. The property features dedicated parkland and enjoys a prime location just minutes from Vancouver Island University, making it an attractive prospect for future development. Lot size is based on BC Assessment and should be independently verified. Buyers to perform their own due diligence with the City of Nanaimo and relevant government bodies regarding potential land use, zoning, and development abilities and restrictions. The property falls within multiple Development Permit Areas (DPAs), which may affect future plans. Offered as-is, where-is. All information and measurements are approximate and must be verified if important.
Data was last updated June 24, 2025 at 07:30 AM (UTC)
Area Statistics
Listings on market:
105
Avg list price:
$1,050,000
Min list price:
$19,900
Max list price:
$24,517,000
Avg days on market:
78
Min days on market:
11
Max days on market:
642
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.
Built in 2015, this 5-bedroom 3-bathroom home with 2-bedroom legal suite is a fantastic opportunity to own a property that offers both comfort and investment...
Listed by Royal LePage Nanaimo Realty (NanIsHwyN), sold on April, 2024