Exceptional Development Opportunity in Nanaimo! An outstanding chance to acquire a shovel-ready, fully permitted multi-family project in the heart of one of Vancouver Island’s fastest-growing communities. This offering includes 307, 311 & 315 Holly Avenue, with a Development Permit issued for a 5-storey, 47-unit apartment building in the highly desirable and rapidly developing Central Nanaimo area. Known as the Harbour City, Nanaimo continues to experience strong population growth, a thriving economy, and one of the island's hottest rental markets, making this an ideal opportunity for investors and developers. The city’s high demand for quality rental housing ensures strong long-term value and income potential. Sellers may assist with the build, presenting a rare opportunity to collaborate on a prime residential development in a high-demand location. Call us today for more information Measurements approx. Buyer to verify if fundamental to purchase (id:4069)
Address
307, 311,315 Holly Ave
List Price
$2,249,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
British Columbia
Sub-Area
Nanaimo
Lot Size
0.5 Sq. Ft.
MLS® Number
1025216
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Postal Code
V9S3M3
Zoning
RM5
