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Listed price in listed location currency (CAD).
$1,400,000

000

MLS® 1024041

  • Key Facts
  • Description
  • Map

Key Facts

Type Unimproved Land
Levels Commercial Sale
Size -
Garage 
Taxes $20,756
Days Active 89
Lot Size 
Approx. Age 
MLS® Number 1024041

Property Address: 3801 Shenton Rd, Nanaimo, BC, V9T2H1

Average square foot calculated using Size range provided by listing agent.

Description

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.
MLS® Number1024041
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Jan 22, 2026List Date
$1,400,000List Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
3801 Shenton Rd, Nanaimo, BC

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