311 Holly Ave
Nanaimo, British Columbia, V9S3M3
For Sale | $749,000 | 3 beds | 1 bath
Key facts
- Property type: Single Family
- Structure: House
- Transaction: For Sale
- Price: $749,000
- Bedrooms: 3
- Bathrooms: 1
- Interior size: 1,030 sqft
- Lot size: 7260
- Year built: 1964
- Parking: 4
Listing overview
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 emp...
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