Prime 4.74-acre multi-family development opportunity in South Nanaimo, located within a rapidly growing neighbourhood surrounded by newer residential construction. Zoned R10 with a Suburban Neighbourhood OCP designation, the property offers attractive territorial views and strong potential for a variety of ground-oriented residential development concepts. City staff have confirmed a maximum permitted density of up to 23 dwelling units under the existing zoning, based on the surveyed developable area. The OCP supports low-rise residential forms including single-family homes, duplexes, tri-plexes, four-plexes, and townhomes, subject to City approvals. A previously approved 14-unit development permit demonstrates established development viability, while updated topographical information indicates a larger developable area than previously identified. Technical reports and supporting materials are available to qualified buyers. Buyers should verify servicing and development possibilities.

Lot Features Of 1015 Park, South Nanaimo, Nanaimo

Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks

Listed by Sutton Group-West Coast Realty (Nan).