311 Holly Ave, Nanaimo, British Columbia

About 311 Holly Ave

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:6289)

More Info on this Central Nanaimo House MLS® listing

311 Holly Ave is a house listing for sale in Nanaimo. The MLS® number is 1050398. It was built in 1964, features 3 bedrooms, 1 bathroom and covers 1,030 square feet. It's currently listed for $599,900. For more details on MLS® 1050398, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This house listing in Central Nanaimo is available now!

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