Prime Oceanview Development Opportunity â 1441 Montrose Avenue, Nanaimo An exceptional opportunity awaits with this lavish 14,000 sq ft oceanview lot, ideally positioned in the highly sought-after Departure Bay community of Nanaimo. Boasting sweeping views of the water and a premier location, this property is now designated under COR1 zoning, aligning perfectly with Nanaimoâs Official Community Plan to support higher-density residential development. Just moments from the Nanaimo Golf Club, Brooks Landing Mall, and the picturesque Departure Bay Beach, this site offers unparalleled access to recreation, shopping, and essential amenities. Currently improved with a legal duplex generating steady rental income from two spacious 2-bedroom suites, the property presents both an excellent holding asset and a prime redevelopment prospect. Preliminary indications suggest the potential to accommodate 20â22 residential units, making it ideal for a multi-family building or modern townhome development. This is a rare chance to secure a high-density parcel in one of Nanaimoâs most desirable and rapidly evolving neighbourhoods. Seize this opportunity to enter or expand within the thriving Nanaimo market. Contact us today to discover the full potential of this outstanding development site. Buyer to conduct their own due diligence to verify desired density, zoning regulations, and development requirements with the City of Nanaimo. (id:27476)
