Waterfront
Address
315 Holly Ave, Nanaimo, BC
Price
$ 599,900
Property Attributes
  • MLS#1050399
  • TypeSingle Family
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa Central Nanaimo
  • Postal CodeV9S 3M3
  • StyleSingle Family Detached
  • Year Built1904
  • Taxes$ 3835
  • Price$ 599,900
  • Bedrooms2
  • Full Bathrooms1
  • Half Bathrooms0
  • Sqr Footage812
  • Lot Size0.17 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

Outstanding multi-family development opportunity in Nanaimo’s growing Harbour City. 307 Holly Ave, together with 311 & 315 Holly Ave, offers R8 zoning and an approved Development Permit for a 47-unit apartment building, providing a clear and efficient path to development. All three properties are currently rented, generating solid holding income while plans move forward—ideal for investors seeking both cash flow and future upside. Located minutes from downtown Nanaimo, the waterfront, Harbourfront Walkway, transit, shopping, and dining, this site benefits from strong tenant demand and urban convenience. Nanaimo’s continued growth, supported by revitalization efforts and long-term expansion tied to the Port of Nanaimo, further enhances the investment appeal. A rare opportunity to acquire a permit-ready multi-family site in a high-demand, high-growth location. Measurements approx. Buyers agent to verify if fundamental to purchase

General Features

Living Area 812.00
Sewer Sewer Connected
Heating Other
Cooling None
Roof Fibreglass Shingle
Pets Allowed Aquariums,Birds,Caged Mammals,Cats,Dogs
Property Subtype Single Family Detached
Property Type Residential
Parking Total 6
Construction Materials Wood
Zoning Type Multi-Family
Bathrooms Count Main Level 1

Interior Features

Basement Not Full Height
Basement Y/N Yes
Total Kitchens 1
Laundry Features In House
Living Area Third 0.00
Living Area Second 0.00
Living Area Other 0.00
Living Area Main 812.00
Living Area Lower 0.00
Kitchens Count Main Level 1
Building Area Unfinished 0.00
Bedrooms Or Dens Total 2
Bedrooms Count Main Level 2
Bath 4 Piece Total 1
Basement Height Feet 4

Exterior Features

Water Source Municipal
Parking Features Driveway
Foundation None
Building Area Total 812.00
Lot Size Square Feet 7260.00
Lot Size Acres 0.17
Driveway YN Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata 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
AVG $600K
$600K
Taxes
AVG $3,588
$3,835
Year Built
AVG 1927
1904

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