3801 Shenton Rd, NANAIMO

2026-01-22
 

Quick Summary

Location
3801 Shenton Rd, NANAIMO, British Columbia V9T2H1
Price
$1,400,000 CAD
Status:
For Sale
Property Type:
Vacant Land

MLS®#1024041

Property Description

A well-positioned lakefront residential development investment opportunity is available for builders and developers seeking a manageable-scale project. This approximately 3/4-acre property fronts Diver Lake, featuring flexible COR2 zoning, which supports street-oriented, medium-density residential and mixed-use development along major corridors. The site previously held a Development Permit for approximately 16–20 residential units in a multi-storey building with underground parking. While a new Development Permit will be required, the prior approval demonstrates the site’s suitability for a purpose-built rental apartment or boutique condominium project at a manageable scale. With strong southern exposure, direct lake frontage, and proximity to schools, transit, and amenities, this property offers a compelling infill development opportunity within Nanaimo’s growing urban corridor—well suited to developers seeking an efficient project with long-term rental or sell-out potential. (id:32467)

Property Features

Building

  • Fireplace: No

Land

  • Land Size: 0.75 ac

Ownership

  • Type: Freehold

Zoning

  • Description: COR2

Information entered by RE/MAX Camosun
Listing information last updated on: 2026-01-22 23:05:01


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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 2.5% on the balance + GST. Not all agents charge the same. Savings shown are illustrative only. Actual commission costs depend on the commission structure negotiated with your agent.

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