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1015 Park Ave, Nanaimo, BC, V9R 4J5

MLS® # 994224
Vacant Land For Sale In Five Acres, Nanaimo, British Columbia
$3,300,000
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC
1015 Park Ave, Nanaimo, BC

MULTIMEDIA

1015 Park Ave, Nanaimo, BC, V9R 4J5
$3,300,000

Property Information:

Prime Multi-Family Development Opportunity in South Nanaimo. This is an exceptional 4.74-acre development site in one of Nanaimo’s fastest-growing neighborhoods, surrounded by newly built million-dollar homes. A now expired development permit for a multi-family development, consisting of 14 single-family homes, was approved in 2017, but a new survey supports up to 23 single-family homes or stacked townhouses with the current R10 zoning. And the City may allow site-specific density up to 35 units with a feasible site design meeting zoning guidelines. And the Citywide Parking Review is expected to ease parking requirements, adding more potential benefits. Ideally located near transit, schools, shopping and VIU, this is an opportunity to provide modern, affordable homes in a highly desirable location. Due diligence reports available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.

Property Features:

  • Bedrooms: 0
  • Bathrooms: 0
  • Annual Tax Amount: $4,998
  • Lot Features: Acreage, Central Location, Corner Lot, Easy Access, Family-Oriented Neighbourhood, Park Setting, Quiet Area, Recreation Nearby, Shopping Nearby, Southern Exposure, Wooded, See Remarks
  • Lot Frontage: 206474 Square Feet
  • Lot Size: 4.75 Acres
  • Ownership: Freehold
  • Pets Allowed: Aquariums, Birds, Caged Mammals, Cats OK, Dogs OK
  • Property Sub Type: Land
  • Road Surface Type: Paved
  • View: City, Mountain(s)
  • Water Source: Municipal
  • Zoning: R10
  • Zoning Description: Multi-Family
  • Sewer: Sewer Available
  • No. of Parking Spaces: 0

Courtesy of: Sutton Group-West Coast Realty (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.

Location of 1015 Park Ave, Nanaimo, BC, V9R 4J5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

Projected Precipitation Risk: High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

20 hot days expected in 2050

29/100

Moderate-Low

ClimateCheck®

Current data

This property, 1015 Park Ave , experiences 7 hot days per year at around 29 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 20 hot days at 31.9 degrees Celsius.

Projected Avg. Temperature

Past
29℃
2050
31.9℃

# Hot Days Per Year

Past
7
2050
20

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: High

14 storms expected in 2050

93/100

High

ClimateCheck®

Current data

This property, 1015 Park Ave , experiences 12 significant 2-day storms per year, with about 569.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 660mm of precipitation per year.

Precipitation Per Storm

Past
569.5mm
2050
660mm

48-Hour Storms Per Year

Past
12
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

Demographic Information of 1015 Park Ave, Nanaimo, BC, V9R 4J5

Life Stage

Young Couples

Employment Type

Mixed

Average Household Income

$94,917.79

Average Number of Children

1.78

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

18.97 %

High school certificate or equivalent

34.48 %

Apprenticeship trade certificate/diploma

9.85 %

College/non-university certificate

18.38 %

University certificate (below bachelor)

1.43 %

University Degree

16.88 %

Commuter

Travel To Work

By Car

92.98 %

By Public Transit

1.75 %

By Walking

3.15 %

By Bicycle

0.0 %

By Other Methods

2.12 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

6.49 %

Houses

93.51 %

Own Vs. Rent