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315 Holly Ave, NANAIMO
2026-02-04
Quick Summary
- Location
- 315 Holly Ave, NANAIMO, British Columbia V9S3M3
- Price
- $749,000
- Status:
- For Sale
- Property Type:
- Single Family
- Area:
- 812 sqft
- Bedrooms:
- 2
- Bathrooms:
- 1
- Year of Construction:
- 1904
MLS®#1025215
Property 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:32467)
Property Features
Building
- Cooling Type: None
- Fireplace: No
- Interior Size: 812 sqft
- Building Type: House
Land
- Land Size: 7260 sqft
Ownership
- Type: Freehold
Information entered by Sutton Group-West Coast Realty (Nan)
Listing information last updated on: 2026-02-05 17:42:40
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How much could you save in commission selling with One Percent Realty?
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$500,000
Your One Percent Realty Commission savings†
$500,000
†
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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Joe Squire REALTOR ® MBA
- Phone:
- (250) 802-5899
- Mobile:
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- Email:
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- Email:
- mynanaimohome@gmail.com
- Support Area:
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- 250-616-2098
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- Support Area:
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