About This Property
Rare 1.96-acre opportunity in the heart of Nanaimo’s growing Harewood neighbourhood. Ideally positioned with dual access from Bruce Avenue and Alpen Way, this property offers excellent development potential in an area identified for increased residential density under the Harewood Neighbourhood Plan. The plan supports a mix of housing forms including multi-family, townhomes, and infill development (buyer to verify rezoning potential with the City of Nanaimo). The property is currently zoned R1 and features an existing 4-bedroom, 1-bath home along with a separate cabin, providing holding income or flexible living options. A detached garage adds further utility. Surrounded by ongoing growth, this location is just minutes from key amenities and is situated within a neighbourhood seeing continued investment and development. Adding to its appeal, the City has acquired approximately 5 acres of parkland directly behind the property, enhancing privacy and long-term livability. A unique opportunity to secure a large parcel with future potential in one of Nanaimo’s evolving communities. Measurements are approximate and should be verified if important. For further information please reach out to Travis Briggs at travis@travisbriggs.ca or 250-713-5501 (id:64973)
At $1,593 per square foot, this Nanaimo property is priced significantly above the city's average of $441 per square foot, suggesting it may be overvalued. However, the substantial 1.96-acre lot size and development potential make it an attractive proposition for developers or investors seeking to capitalize on the Harewood neighbourhood's growing residential density.
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