$599,900 Sale

Listed 21 days ago

311 Holly Ave

MLS® 1050398 House

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Beds · 3

Baths · 1.0

Parking · 4

Sqft · 1030

Est. mortgage

$2,276/mo

Key Facts

Key facts for 311 Holly Ave

Property Type

House

Parking

Garage: No, 4 parking

MLS #

1050398

Size

1030 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

1964

Maintenance Fee

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:10452)

Full Property Details

Interior

Bedrooms

Washrooms

1.0

Square Footage

1030 sqft

Heating Type

Baseboard heaters

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Bedrooms

Washrooms

1.0

Square Footage

1030 sqft

Heating Type

Baseboard heaters

Air Conditioning

None

Kitchens

Full Bathrooms

Half Bathrooms

Exterior

Acreage

7260 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Type

Multi-Family

Acreage

7260 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Type

Multi-Family

Building Description

Home Type

House

Subtype

House

Year Built

1964

Home Type

House

Subtype

House

Year Built

1964

Community

Central Nanaimo

Area Code

Nanaimo

Community

Central Nanaimo

Area Code

Nanaimo

Room Types

Bathroom

Dimensions 4-Piece x 4-Piece

0 sqft

Bedroom

Dimensions 11'7 x 9'4

108.11 sqft

Bedroom

Dimensions 12'0 x 12'3

147 sqft

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Christiana Sommer

Email: [email protected] Cell: 778-552-5678