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 us today for more info. Measurements approx. Buyer to verify if fundamental to purchase
Property Details
MLS #:
1025216
ID #:
30551858
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na Central Nanaimo
Status:
Active
Lot Size:
0.50 acres
Property Tax:
$10,000 (2025)
Days on Market:
25 days
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
*Chart shows mortgage balance progression and cumulative payments over the selected term
*Calculations are estimates for informational purposes only. Please consult with a mortgage professional for accurate rates and terms.