$ 1,400,000
3801 Shenton Rd
for sale in Nanaimo
$ 1,400,000
MLS 1024041
3801 Shenton Rd
Nanaimo, B.C. CANADA
N/A Bedrooms
N/A Bathrooms
CONTACT
Roger Beck, REALTOR
RE/MAX PROFESSIONALS
1-5140 Metral Drive, Nanaimo, B.C.
250-751-1223
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, featuring flexible COR2 zoning, which supports street-oriented, medium-density residential and mixed-use development along major corridors. The site previously held a Development Permit for approximately 16–20 residential units in a multi-storey building with underground parking. While a new Development Permit will be required, the prior approval demonstrates the site’s suitability for a purpose-built rental apartment or boutique condominium project at a manageable scale. With strong southern exposure, direct lake frontage, and proximity to schools, transit, and amenities, this property offers a compelling infill development opportunity within Nanaimo’s growing urban corridor—well suited to developers seeking an efficient project with long-term rental or sell-out potential. (id:25560)
Listed by brokerage : RE/MAX Camosun
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