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307, 311,315 Holly Ave

$2,249,000

307, 311,315 Holly Ave, Nanaimo, BC, V9S 3M3

MLS® # 1025216

Nanaimo BC, V9S 3M3

MLS® # 1025216

Property Information:

Exceptional Development Opportunity in Nanaimo!An outstanding chance to acquire a shovel-ready, fully permitted multi-family project in the heart of one of Vancouver Island’s fastest-growing communities. This offering includes 307, 311 & 315 Holly Avenue, with a Development Permit issued for a 5-storey, 47-unit apartment building in the highly desirable and rapidly developing Central Nanaimo area.Known as the Harbour City, Nanaimo continues to experience strong population growth, a thriving economy, and one of the island's hottest rental markets, making this an ideal opportunity for investors and developers. The city’s high demand for quality rental housing ensures strong long-term value and income potential.Sellers may assist with the build, presenting a rare opportunity to collaborate on a prime residential development in a high-demand location. Call us today for more info. Measurements approx. Buyer to verify if fundamental to purchase

Property Features:

Annual Tax Amount: $10,000
Floor Space (approx): 3000 Square Feet
Lot Frontage: 21780 Square Feet
Lot Size: 0.50 Acres
Ownership: Freehold
Parking Features: On Site
Property Sub Type: Multi Family
Zoning: RM5
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.

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⚠ Potential Investment Performance

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Market Price Trends

Location of 307, 311,315 Holly Ave, Nanaimo, BC, V9S 3M3

Lifestyle
Neighbourhood

Demographic Information of 307, 311,315 Holly Ave, Nanaimo, BC, V9S 3M3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$88,321.53

Average Number of Children

1.52

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

12.81 %

High school certificate or equivalent

30.91 %

Apprenticeship trade certificate/diploma

10.11 %

College/non-university certificate

21.43 %

University certificate (below bachelor)

2.97 %

University Degree

21.78 %

Commuter

Travel To Work

By Car

78.87 %

By Public Transit

6.03 %

By Walking

8.2 %

By Bicycle

0.37 %

By Other Methods

6.53 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

55.9 %

Houses

44.1 %

Own Vs. Rent