Nanaimo · Commercial Sale · MLS® 1041976

950 Bruce Ave, Nanaimo

$1,850,000
1920Year Built
19Days on Market

About this property

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 strong 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 with the City of Nanaimo). Currently zoned R1, the property includes an existing 4-bedroom, 1-bath home plus a separate cabin, offering holding income or flexible living. A detached garage adds further utility. Located in a rapidly developing area just minutes to amenities, the property also backs onto approximately 5 acres of City-owned parkland, enhancing privacy and long-term appeal. 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.

Features & details

DDF Property Type Multi-family
Building Type Multi-Family
Land Size 85,378 sq ft (1.96 acres)
Construction Date 1920
Feature Acreage
Feature Central location
Feature Park setting
Feature Partially cleared
Feature Other
Property Type Multi Family
Heating Electric,Heat Pump
Cooling Air Conditioning
Parking Spaces 8
Water Source Municipal
Sewer Sewer Connected
Flooring Mixed
Foundation Poured Concrete
Zoning R1

Location

Brokerage Listed by eXp Realty (NA). Information is deemed reliable but not guaranteed.