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3801 Shenton Rd
Nanaimo, BC V9T 2H1
Land For Sale
·
0.75 AC
Investment Highlights
- Previously approved concept for a 16–20 unit multi-story building with underground parking.
- Located within a growing urban corridor with easy access to Nanaimo’s major routes.
- Excellent proximity to schools, transit, retail, and essential services.
- Flat, level topography facilitates cost-effective development and site efficiencies.
Executive Summary
Property Facts
| Sale Type | Investment | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.75 AC |
| Property Type | Land |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.75 AC |
1 Lot Available
Lot
| Price | $1,007,267 USD | Lot Size | 0.75 AC |
| Price Per AC | $1,343,022.31 USD |
| Price | $1,007,267 USD |
| Price Per AC | $1,343,022.31 USD |
| Lot Size | 0.75 AC |
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, and features flexible COR2 zoning.
Description
The property is located on Shenton Road in the Diver Lake area of Nanaimo, British Columbia. It consists of approximately 0.75 acres of land with COR2 zoning, which supports medium-density residential and mixed-use uses along major corridors. The site has road frontage and access to nearby municipal infrastructure. It fronts Diver Lake and is situated near existing residential neighborhoods, schools, and commercial areas. Major transportation corridors and local thoroughfares provide connectivity to other parts of Nanaimo. The surrounding area includes residential dwellings, recreational parks, and retail amenities.
