*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.
Data was last updated October 30, 2024 at 12:05 AM (UTC)
Area Statistics
Listings on market:
66
Avg list price:
$807,000
Min list price:
$235,000
Max list price:
$2,100,000
Avg days on market:
56
Min days on market:
4
Max days on market:
211
Avg price per sq.ft.:
$417.06
These statistics are generated based on the current listing's property type
and located in
Na Departure Bay. Average values are
derived using median calculations.