$599,900
 $3,220 est/mo Sourced by Back At You

311 Holly Ave,Nanaimo, BC V9S3M3

Nanaimo, BC V9S3M3

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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:7524)

Details

MLS #1050398
Listing TypeFor Sale
StyleHouse
StatusActive
Year1964
Days On Site18
Listing Provided BySutton Group-West Coast Realty (Nan) | Nita Sihota

Features

Bed(s)3
Bath(s) 1 Total
SQ Feet1,030
Car PortYes
ZoningMulti-Family
Acreage0.17

Interior

CoolingNone
HeatingBaseboard heaters
Fireplace Yes / NoYes
Fireplaces Total1

Parking

Parking FeaturesCarport
Parking Total4

Taxes

Tax Annual Amount3745

Area Information

ProvinceBC
CityNanaimo
Postal CodeV9S3M3
Listing VS Median (in V9S3M3)
Price:
$599,900
low | high
Med:
$599,900
50% of Average
sqft:
1,030
low | high
Med:
921
60.582524271845% of Average
$ / sqft:
$582
low | high
Med:
$661
36.576354679803% of Average
On site:
18
low | high
Med:
18
100% of Average
Sourced by Back At You

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Learn More About This Property

Danilo Perisic

Danilo Perisic

Sutton Group - Quantum Realty Inc- Brokerage

Broker, Courtier (647) 470-0979daniloperisic@sutton.com
ProvinceBC
CityNanaimo
Postal CodeV9S3M3
Listing VS Median (in V9S3M3)
Price:
$599,900
low | high
Med:
$599,900
50% of Average
sqft:
1,030
low | high
Med:
921
60.582524271845% of Average
$ / sqft:
$582
low | high
Med:
$661
36.576354679803% of Average
On site:
18
low | high
Med:
18
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/10 mile)
Price: $449K - $749K
sqft: 773 - 1,000
Nearby Listings Property ImageNearby Listings Details
307 Holly Ave Property Photo 1
$599,900
307 Holly Ave
Nanaimo, BC V9S3M3
315 Holly Ave Property Photo 1
$599,900
315 Holly Ave
Nanaimo, BC V9S3M3
Listing Updated: September 29, 2026 at 3:37:21 PM PDT