Space
Finished area and layout
- Living Area
- 812 sqft
- Above Grade
- 812 sqft
- Finished Breakdown
- Above 812 sqft
- Bedrooms
- 2
- Bathrooms
- 1
2
Bedrooms
1
Bathrooms
812 sqft
Living Area
7,260 sqft
Lot
1904
Year Built
Property Snapshot
Key details for this listing
MLS #1050399
Property
Type, style and structure
- Type
- residential
- Style
About This Property
This 2-bedroom, 1-bathroom single family in Nanaimo offers 812 sqft of living area on a 7,260 sqft lot. Built in 1904. The property has lot dimensions of 7260, zoned Multi-Family. The home features other heating, none. Highlights include a 6-car garage.
MLS Remarks
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:60351)
Full Listing Details
Address315 Holly Ave
MLS#1050399
Listing StatusActive
Property TypeResidential
Sub-TypeSingle family
TransactionSale
Days on Market34
Common InterestFreehold
Annual Tax$3,835
Parking6 (6 garage)
Structure TypeHouse
StyleDetached
Year Built1904
Bedrooms2
Bathrooms1
Living Area812 sqft
Above Grade Area812 sqft
Kitchens1
CityNanaimo
NeighbourhoodCentral Nanaimo
ProvinceBritish Columbia
Postal CodeV9S3M3
Lot Size7,260 sqft
Lot Dimensions7260
ZoningMulti-Family
Total Parking6
Garage Spaces6
HeatingOther
CoolingNone
Annual Tax$3,835
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