1015 Park Ave

1015 Park Ave · Nanaimo, South Nanaimo · Vacant Land · $2,380,000 · MLS 1037842

Nanaimo, British Columbia · Neighbourhood: South Nanaimo
C$2,380,000
For sale
1015 Park Ave

1015 Park Ave is located in Nanaimo (South Nanaimo). Property snapshot: Vacant Land, listed at $2,380,000, MLS 1037842. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 20. Latest recorded list price 2380000.00.

List Price: $2,380,000
MLS: 1037842
Days on Site: 20
Price History: Latest recorded list price 2380000.00

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.

Listing FAQ

What is the current list price for 1015 Park Ave?

This page shows a list price of $2,380,000 with MLS 1037842.

What type of home is this Nanaimo, South Nanaimo listing?

The page shows Vacant Land at 1015 Park Ave. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 20 days on market/site. Latest recorded list price 2380000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

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: 29792714 (1037842)

Become a VIP member for free. More details will be available.
The information below is generated by BurnabyHouse.com for your convenience and may not always be accurate. Consult a Realtor to verify.

Site Context

Free sign-up unlocks site context
Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$2,380,000

Lot Area: 206,474 sf

PID: 026-876-795

Days on Site: 20 days

Added to BurnabyHouse: 2026-05-22

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

Become a VIP member for free. More details will be available.

Lot info

Free sign-up unlocks full lot information
Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
Quality Foods
About 874.2 m away
867 Bruce Avenue
Country Grocer
About 1.9 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

Price History

Free sign-up unlocks price history
View price changes, listing events, and the full timeline.

BC Assessment

Click the button below to check the government assessment, sales history, and nearby market pricing for this property.
BC Assessment Sales History & Nearby Sales

Community

Questions, Answers & Comments

Ask a question, add context, or leave a comment. Public posts appear after review.

No public questions or comments yet. Be the first to ask.

Newsletter

Enter your email to receive market updates and new listing alerts.

NEED TO CONSULT
A REALTOR?

We’re here for you!
Most inquiries receive a response within a few hours.
No spam. Just helpful answers.
You can also text Gary @ 778.801.1314

Classic Search

Recent News

Jun 10, 2026
Bank of Canada holds rate at 2.25% amid recession fears and trade uncertainty
Bank of Canada holds rate at 2.25% amid recession fears and trade uncertainty
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
TSX slides as Middle East tensions and AI swings shake markets
TSX slides as Middle East tensions and AI swings shake markets
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
North Vancouver bans deep basements to curb costs and flood risk
North Vancouver bans deep basements to curb costs and flood risk
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
City announces final day of operation for Vancouver Aquatic Centre ahead of demolition
City announces final day of operation for Vancouver Aquatic Centre ahead of demolition
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
Capstone Infrastructure Corporation Provides Notice of Conversion Rights for Cumulative 5-Year Rate Reset Preferred Shares, Series A
Capstone Infrastructure Corporation Provides Notice of Conversion Rights for Cumulative 5-Year Rate Reset Preferred Shares, Series A
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
Bank of Canada Holds Rates, Warns of Stagflation-Like Headwinds
Bank of Canada Holds Rates, Warns of Stagflation-Like Headwinds
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
Nisga'a official says most hurdles for Ksi Lisims have been cleared
Nisga'a official says most hurdles for Ksi Lisims have been cleared
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
'Incredible incompetence
'Incredible incompetence
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Jun 10, 2026
'Red hot' U.S. inflation rises at fastest pace in more than three years
'Red hot' U.S. inflation rises at fastest pace in more than three years
In a rapidly shifting real estate market, most people only see the surface of listing and selling prices. What I offer is a paradigm shift: a multidimensional advantage combining 18 years of frontline trading, 12 years of physical construction, 11 years of municipal operations, and cutting-edge AI technology.
Powered by REALTOR.ca

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®).

Last Updated: Fri, 22 May 2026 12:22:32 PM PDT

Data Provider: Greater Vancouver REALTORS®

Listing Office: Sutton Group-West Coast Realty (Nan)

BurnabyHouse AI Assistant