311 Holly Ave, Nanaimo, BC V9S3M3
311 Holly Ave, Nanaimo, BC V9S3M3
311 Holly Ave, Nanaimo, BC V9S3M3
311 Holly Ave, Nanaimo, BC V9S3M3
311 Holly Ave, Nanaimo, BC V9S3M3
311 Holly Ave, Nanaimo, BC V9S3M3
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Evan McLeish

Evan McLeish

+1(778) 910-9655
$ 599,900
Est. payment | /mo

3 Beds

1 Bath

1,030 SqFt

Save
$ 599,900
Est. payment | /mo
Save

3 Beds

1 Bath

1,030 SqFt

Key Details

Property Type Single Family Home

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1030

Square Footage 1,030 sqft

Price per Sqft $582

Subdivision Central Nanaimo

MLS® Listing ID 1050398

Bedrooms 3

Year Built 1964

Lot Size 7,260 Sqft

Acres 7260.0

Property Sub-Type Freehold

Property Description

Exceptional multi-family development opportunity in Nanaimo's rapidly evolving Harbour City. 307 Holly Ave, together with 311 & 315 Holly Ave, offers R8 zoning and comes with an approved Development Permit for a 47-unit apartment building, providing a clear path forward for investors and developers. All three properties are currently tenant-occupied, generating solid rental income while plans progress toward future construction—offering both holding income and development upside. This flexibility allows investors to strategically time development while benefiting from cash flow in the interim. Ideally located close to downtown Nanaimo, the waterfront, and the Harbourfront Walkway, the site is surrounded by key amenities including shopping, restaurants, transit, parks, and educational institutions. The area continues to see strong demand driven by urban revitalization and proximity to employment hubs. Nanaimo's ongoing growth, coupled with long-term expansion tied to the Port of Nanaimo, positions this offering as a compelling opportunity for future appreciation. With increasing demand for purpose-built rental housing and a streamlined approval already in place, this is a rare chance to secure a prime, shovel-ready multi-family site in one of Vancouver Island's most dynamic markets. A strategic investment combining location, income, approvals, and long-term growth potential. Measurements approx. Buyers agent to verify if fundamental to purchase. (id:24570)

Location

Province BC

Zoning Multi-Family

Rooms

Kitchen 1.0

Extra Room 1 Main level 10'0 x 9'0 Kitchen

Extra Room 2 Main level 4-Piece Bathroom

Extra Room 3 Main level 9'4 x 11'7 Bedroom

Extra Room 4 Main level 12 ft X 11 ft Bedroom

Extra Room 5 Main level 12'3 x 12'0 Bedroom

Interior

Heating Baseboard heaters

Cooling None

Fireplaces Number 1

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage Yes

Private Pool No

Others

Ownership Freehold

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Listed by Sutton Group-West Coast Realty (Nan)

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Evan McLeish

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(778) 910-9655

evan@emmcleish.com

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311 Holly Ave