This prime 2-acre development site in South Nanaimo presents an outstanding opportunity. Currently zoned R1 but the
City has indicated they’d support multifamily rezoning. The property is easily accessible with dual road access, full
services and easy level building sites enhancing its appeal for potential developers and investors. At the forefront of this
property is a charming classic Heritage home, which has been thoughtfully updated to complement the new subdivision
plans. As one of the last remaining development parcels available in the area, it offers significant potential for growth and
housing. Additionally, the property features a detached garage along with a small carriage house or studio, providing
extra space for either storage or creative endeavors. The property also backs onto a new subdivision and park
designated for potential farming opportunities as well. Situated within walking distance to shopping, schools, and local
amenities.
Data was last updated August 14, 2025 at 02:05 PM (UTC)
Area Statistics
Listings on market:
121
Avg list price:
$625,000
Min list price:
$174,900
Max list price:
$21,000,000
Avg days on market:
55
Min days on market:
1
Max days on market:
501
Avg price per sq.ft.:
$401.5
These statistics are generated based on the current listing's property type
and located in
Na South Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.