- Status:
- Active
- Prop. Type:
- Commercial Sale
- MLS® Num:
- 975250
- Photos (34)
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*Prime Oceanview Development Opportunity at 1441 Montrose Avenue, Nanaimo!* This property, now designated under the COR1 zoning, this is a developer’s dream, perfectly aligned with Nanaimo’s Official Community Plan to support higher-density residential projects. Situated near the Nanaimo Golf Club, Brooks Landing Mall, and Departure Bay Beach, this location offers easy access to recreation and shopping. Currently, a legal duplex provides stable rental income from two 2 bed suites, providing a solid base to hold or immediate redevelopment. This parcel could support 20-22 units making it ideal for a multi-family building or townhomes. This is is your chance to enter or expand in the Nanaimo market with a rare high-density parcel in one of Nanaimo’s most desirable neighbourhoods. Contact us today to explore the full potential of this beautiful development site! Buyer must do own due diligence to confirm desired density, zoning and building plans with the city.
- Property Type:
- Commercial Sale
- Type:
- Multi Family
- Commercial Type:
- Building
- Lease Type:
- Sale Price
- Listing General Location:
- Na Departure Bay, Nanaimo
- Bathrooms:
- - (Full:-/Half:-)
- Lot Size:
- 14,000.097 sq. ft.
- Taxes:
- $4,739.9 / 2023
- Construction:
- Frame Wood
- Foundation:
- Concrete Perimeter
- Total Building Area:
- 1,689 sq. ft.
- Commercial Area:
- Other
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Heating:
- Electric, Forced Air
- Fireplace:
- No
- Fencing: Full
- Mountain(s), Ocean
- Main Level
- 0
- Yes
- No
- Unrestricted
- Assessed:
- 744000.0
- Assessment year:
- 2024
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- LOT 67, PLAN VIP9500, SECTION 1, NANAIMO LAND DISTRICT
- Zoning:
- R4
- Occupancy:
- Tenant
- Lot Site Features:
- Central Location, Family-Oriented Neighbourhood
- Parking Features:
- On Site
- Total Units:
- 2
- Date Listed:
- Sep 06, 2024
- Original Price:
- 999900.0
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Listed by RE/MAX of Nanaimo
Data was last updated October 6, 2024 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 97
- Avg list price:
- $1,162,250
- Min list price:
- $23
- Max list price:
- $11,500,000
- Avg days on market:
- 98
- Min days on market:
- 5
- Max days on market:
- 488
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.
- TANNER SAYWELL
- REMAX OF NANAIMO
- 1 (250) 6685936
- Contact by Email
Remax of Nanaimo
Office Address:
5140 Metral Dr
Nanaimo, BC, V9T 2K8