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Main Photo: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 1: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 2: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 3: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 4: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 5: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 6: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 7: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 8: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 9: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 10: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Photo 11: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
945844
Rezoning R10 to R6 submitted and plans for 32 townhomes in a cluster of 7 buildings containing 2 to 6 units. Application for DP not yet submitted. The design proposes 18 - 4-bedroom townhomes, 9 - 3-bedroom Rowhouses, and 5 - 2-bedroom flats for a total of approx. 45,000 of floor area on a site of 4.04 acres. Parking Stalls per unit are 2 (Provided as a mix of in-suite garages, driveways, parking stalls and tandem stalls.) Visitor Stalls: 4, Total Stalls: 68. The site backs onto a natural riparian area which provides for privacy, peace, and tranquility. Amenities are mere minutes away such as shopping, restaurants, aquatic centre for recreation and Vancouver Island University providing more than 120 programs, from graduate and undergraduate degrees to trades diplomas and certificates for 12,000 students (12% Indigenous and 12% international) as well as close proximity to downtown and transit. Contact listing agent for info package
Property Type:
Commercial Sale
Type:
Multi Family
Commercial Type:
Land
Lease Type:
Sale of Contract
Close Price Lease Total:
Existing Lease Expiry:
Listing General Location:
Na South Nanaimo, Nanaimo
Bathrooms:
- (Full:-/Half:-)
Lot Size:
4.04 acre(s)
Taxes:
Electricity:
Yes
Ceiling Heights:
Commercial Area:
Water supply:
Municipal
Sewer:
Sewer Available
Fireplace:
No
Pending Date:
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Assessed:
Assessment year:
Approximate Inventory Value:
Fixed Equipment Approx. Value:
Goodwill Approx. Value:
Gross Income:
Net Operating Income:
Association Fee:
Association Fee Frequency:
Jurisdiction name:
City of Nanaimo
Legal Description:
Zoning:
R10
Units in Building:
Units in Community:
Utilities:
Electricity Connected, Natural Gas Available
Lot Site Features:
Acreage, Central Location, Family-Oriented Neighbourhood, Level, Private, Rural Setting, Shopping Nearby
Parking Features:
On Site
Total Units:
Date Listed:
Oct 11, 2023
Original Price:
1495000.0
  • Photo 1: 878 Park Ave in Nanaimo: Na South Nanaimo Multi Family for sale : MLS®# 945844
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Listed by eXp Realty
Data was last updated July 7, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
110
Avg list price:
$1,079,500
Min list price:
$58,000
Max list price:
$15,388,888
Avg days on market:
74
Min days on market:
5
Max days on market:
699
These statistics are generated based on the current listing's property type and located in Nanaimo. Average values are derived using median calculations.
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.