Property Description
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 Today for more info. Measurements approx, Buyer to verify if fundamental to purchase.
Property Details
MLS #:
1002032
ID #:
29172355
Type:
Residential
Sub-Type:
Single Family Detached
Area:
Nanaimo
Sub-Area:
Na Central Nanaimo
Status:
Active
Lot Size:
0.50 acres
Property Tax:
$5,000 (2024)
Days on Market:
140 days
Room Details
Bedroom
Dimensions: 12 ft x Measurements not available
Bedroom
Dimensions: Measurements not available x 12 ft
Dining room
Dimensions: 8 ft x Measurements not available
Kitchen
Dimensions: Measurements not available x 10 ft
Laundry room
Dimensions: Measurements not available x 8 ft
Living room
Dimensions: 19\'6 x 11\'8
Listing provided by Sutton Group-West Coast Realty (Nan)
Canadian Mortgage Calculator
Mortgage Amount:
$0
Payment Amount:
$0
Total Interest:
$0
Total Cost:
$0
After 5 Year Term:
Principal Paid:
$0
Interest Paid:
$0
Remaining Balance:
$0
CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
Annual Payment Breakdown
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