* Prime Oceanview Development Opportunity at 1441 Montrose Avenue, Nanaimo! This property, now designated under the COR1 zoning, this is a developer’s dream, perfectly aligned with Nanaimo’s Official Community Plan to support higher-density residential projects. Situated near the Nanaimo Golf Club, Brooks Landing Mall, and Departure Bay Beach, this location offers easy access to recreation and shopping. Currently, a legal duplex provides stable rental income from two 2 bed suites, providing a solid base to hold or immediate redevelopment. This parcel could support 20-22 units making it ideal for a multi-family building or townhomes. This is is your chance to enter or expand in the Nanaimo market with a rare high-density parcel in one of Nanaimo’s most desirable neighbourhoods. Contact us today to explore the full potential of this beautiful development site! Buyer must do own due diligence to confirm desired density, zoning and building plans with the city. Building designs are for artistic purposes only and should not be relied on.
| Address |
1441/1445 Montrose Ave |
| List Price |
$999,900 |
| Property Type |
Commercial Sale |
| Type of Dwelling |
Multi Family |
| Area |
Nanaimo |
| Sub-Area |
Na Departure Bay |
| Lot Size |
14000 Sq. Ft. |
| Lot Size Acres |
0.32 Ac. |
| MLS® Number |
975250 |
| Listing Brokerage |
RE/MAX of Nanaimo
|
| Postal Code |
V9S 3H8 |
| Tax Amount |
$4,740 |
| Tax Year |
2023 |
| Features |
Electric, Forced Air |
| Amenities |
Central Location, Family-Oriented Neighbourhood, Fencing: Full |
