1015 Park Ave

Nanaimo, British Columbia · Neighbourhood: South Nanaimo
C$2,380,000

Local Decision Guide

How should buyers evaluate 1015 Park Ave?

Start by reading this listing in its Nanaimo South Nanaimo context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

For sale
1015 Park Ave

Remarks

Prime 4.74-acre multi-family development opportunity in South Nanaimo, ideally situated within a rapidly growing neighbourhood characterized by newer, high-quality residential construction. Zoned R10 and designated Suburban Neighbourhood in the Official Community Plan, the property offers attractive territorial views and strong potential for a range of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to 23 dwelling units under the existing R10 zoning, based on the surveyed developable area. The OCP supports a variety of low-rise residential forms, including single-unit dwellings, duplexes, tri-plexes, four-plexes, and townhomes, with densities up to 25 units per hectare and building heights up to three storeys, subject to City approvals. A previously approved 14-unit development permit (now expired) demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified, potentially supporting expanded design possibilities. Technical materials, including topographical surveys, environmental mapping, and related reports, are available to qualified buyers to assist with concept planning and due diligence. Buyers are encouraged to independently verify development potential, servicing requirements, and all necessary approvals with the City of Nanaimo and qualified professionals. (id:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
206,474 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29792713 (1037845)

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Site Context

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Property Summary

Price: C$2,380,000

Lot Area: 206,474 sf

PID: 026-876-795

Days on Site: 14 days

Added to BurnabyHouse: 2026-05-22

Updated on: 2026-05-22 01:01 PM PDT

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Lot info

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Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Quality Foods
About 881.1 m away
867 Bruce Avenue
Country Grocer
About 1.8 km away
82 Twelfth Street, Nanaimo
Shopping Centres
Southgate Shopping Centre
About 1.8 km away
50 Tenth Street
South Parkway Plaza
About 1.9 km away
Parks / Green Space
PETROGLYPH PARK
About 1.3 km away
Class A · 0043 · 00
SAYSUTSHUN (NEWCASTLE ISLAND MARINE) PARK
About 4.2 km away
Class A · 0133 · 00

Price History

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BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Fri, 22 May 2026 12:22:31 PM PDT

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