Address
311 Holly Ave, Nanaimo, BC
Price
$ 599,900
Property Attributes
- ID#1050398
- TypeSingle Family
- Listing Status Active
- MunicipalityNanaimo
- CountyVancouver Island Real Estate Board
- CityNanaimo
- AreaNanaimo
- NeighborhoodCentral Nanaimo
- ZipV9S 3M3
- Style
- Year Built1964
- Price$ 599,900
- Bedrooms3
- Bathrooms1
- Half Bathrooms0
- Sqr Footage1030
Data Source:
Canadian Real Estate Association (CREA)
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:7434)
General Features
| Property Type | Single Family |
|---|---|
| ZoningType | Multi-Family |
| Neighbourhood | Central Nanaimo |
| Building Cooling Type | None |
| Parking Space Total | 4 |
| Building Type | House |
| Ownership Type | Freehold |
Interior Features
| Building Fireplace Present | True |
|---|---|
| Building Fireplace Total | 1 |
| Building Heating Type | Baseboard heaters |
| Living Area Range | 1030 |
| Bedrooms | 3 |
Room Details
| Room | Dimensions | Level | Flooring | Details |
|---|---|---|---|---|
| Bathroom | 4-Piece | Main level | ||
| Bedroom | 12'3 x 12'0 | Main level | ||
| Kitchen | 10'0 x 9'0 | Main level |
Amenities
- Views
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Single Family Average in V9S 3M3
Price
Year Built
In The Neighborhood
Primary On Main
Nanaimo
$ 835,000
- Type
- Single Family
- Size
- 2,052 SqFt
- Rooms
- 6 Beds + 3 Baths
eXp Realty (NA)
Nanaimo
$ 599,900
- Type
- Single Family
- Size
- 812 SqFt
- Rooms
- 2 Beds + 1 Baths
Sutton Group-West Coast Realty (Nan)
Nanaimo
$ 599,900
- Type
- Single Family
- Size
- 812 SqFt
- Rooms
- 2 Beds + 1 Baths
Sutton Group-West Coast Realty (Nan)
Open House
Nanaimo
$ 549,900
- Type
- Single Family
- Size
- 981 SqFt
- Rooms
- 3 Beds + 1 Baths
Royal LePage Nanaimo Realty LD
Open House
Nanaimo
$ 869,900
- Type
- Single Family
- Size
- 2,985 SqFt
- Rooms
- 5 Beds + 4 Baths
REMAX Professionals (NA)
Primary On Main
Nanaimo
$ 599,900
- Type
- Single Family
- Size
- 1,957 SqFt
- Rooms
- 4 Beds + 2 Baths
REMAX Professionals (NA)
Nanaimo
$ 875,000
- Type
- Single Family
- Size
- 1,890 SqFt
- Rooms
- 4 Beds + 3 Baths
REMAX Professionals (NA)
Primary On Main
Nanaimo
$ 1,099,900
- Type
- Single Family
- Size
- 1,957 SqFt
- Rooms
- 4 Beds + 2 Baths
REMAX Professionals (NA)
Open House
Nanaimo
$ 735,000
- Type
- Single Family
- Size
- 1,805 SqFt
- Rooms
- 4 Beds + 2 Baths
Royal LePage Nanaimo Realty (NanIsHwyN)
Water Views
Nanaimo
$ 789,900
- Type
- Single Family
- Size
- 2,197 SqFt
- Rooms
- 6 Beds + 3 Baths
Stonehaus Realty Corp.
Primary On Main
Nanaimo
$ 749,900
- Type
- Single Family
- Size
- 1,447 SqFt
- Rooms
- 3 Beds + 1 Baths
Century 21 Harbour Realty Ltd.
Primary On Main
Nanaimo
$ 749,900
- Type
- Single Family
- Size
- 1,812 SqFt
- Rooms
- 3 Beds + 2 Baths
460 Realty Inc. (NA)
Views
Nanaimo
$ 699,500
- Type
- Single Family
- Size
- 2,275 SqFt
- Rooms
- 6 Beds + 2 Baths
Sutton Group-West Coast Realty
Primary On Main
Nanaimo
$ 849,000
- Type
- Single Family
- Size
- 2,242 SqFt
- Rooms
- 5 Beds + 3 Baths
RE/MAX 2000 Realty
Data provided by the Ontario Regional Technology & Information Systems. The information is deemed reliable, but is not guaranteed. Not intended to solicit buyers or sellers, landlords or tenants currently under contract.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned
