A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 1441/1445 MONTROSE AVENUE, Nanaimo British Columbia V9T5N2
3 days on Market

1441/1445 MONTROSE AVENUE, Nanaimo, British Columbia V9T5N2

Detached
4
2
~1689 sqft
$1,199,000
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Detached
4
2
~1689 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$709/sqft

Est. Mortgage$5,149/mo

Tax Amount ()$4,773/yr

Days On Market3 days


Description

Prime Oceanview Development Opportunity — 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 Nanaimo’s 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 20–22 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 Nanaimo’s 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:39198)


Property Details

StyleDuplex
View-
Age of property1956
SqFt~1689 SqFt
Lot Size-
Parking Spaces4
MLS ®Number1000857
Community NameDeparture Bay
Data SourceCREA
Listing bySutton Group-West Coast Realty (Nan)

Features

Heating: Forced air, Electric

Main level Floor

Bathroom

Bedroom

8'1 x 10

Bedroom

11 x 10

Kitchen

12'2 x 10


Parking

Garage spaces -

Garage type -

Total parking spaces 4


Property History

May 28, 2025
ListedActive
$1,199,000
3 days on market
history photo preview49
Listing by crea®
Property listed by Sutton Group-West Coast Realty (Nan), Brokerage
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Population and Demographics

Overview

Total population 8624
Average household income $123,415

Age (%)

65 and plus
26%
50 to 64
21%
0 to 19
19%
35 to 49
18%
20 to 34
16%

Household composition (%)

Single family
65%
Single person
29%
Multi person
6%
Multi family
1%

Mother tongue (%)

English
92%
Others
5%
German
1%

House tenancy (%)

Owners
69%
Renters
31%

What’s nearby?Essentials within 5 km

Local Logic

Transportation Scores

Estimated Budget

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