2379 Brown’s Lane presents a rare multi-family development opportunity in a central Nanaimo location, with a Development Permit already approved for 21 family-oriented townhomes. The entitlement work is complete, offering a meaningful jump-start and significantly reduced development risk. The site is well positioned near schools, shopping, transit routes, employment centres, and healthcare services—key drivers of long-term end-user demand. The approved density and layout align with proven absorption trends for townhome product in the area. Construction timing allows a developer to build through the current market cycle with anticipated completion aligning with improved market conditions. An excellent opportunity for builders or investors seeking clarity, certainty, and a strategic path forward in a well-established neighbourhood.
Data was last updated February 7, 2026 at 08:05 AM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$721,500
Min list price:
$250,000
Max list price:
$1,775,000
Avg days on market:
85
Min days on market:
2
Max days on market:
474
Avg price per sq.ft.:
$405.65
These statistics are generated based on the current listing's property type
and located in
Na Diver Lake. Average values are
derived using median calculations. This data is not produced by the MLS® system.