950 Bruce Ave, Nanaimo
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 travisbriggs.ca or 250-713-5501 (id:62865)
Status
Active
Year Built
1920
Property Type
Multi-Family
Ownership
Freehold
Parking Spaces
8
Annual Tax
$7,345
Zoning
Unknown
Data Source
Vancouver Island Real Estate Board
Lot Size
1.96 acres
Lot Features
Heating
Heat Pump, Electric
Cooling
Air Conditioned
$2,366,000
Office
eXp Realty (NA)
Loan Amount:
$1,892,800
Estimated Monthly Payment:
$9,224
This is an estimate for informational purposes only. Consult with a financial advisor.
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