IDX / Reciprocity
311 Holly Ave
Nanaimo
V9S 3M3
$749,000
Residential
beds: 3
baths: 1.0
1,030 sq. ft.
built: 1964
- Status:
- Active
- Prop. Type:
- Residential
- MLS® Num:
- 1025208
- Bedrooms:
- 3
- Bathrooms:
- 1
- Year Built:
- 1964
- Photos (15)
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Outstanding multi-family development opportunity in Nanaimo’s growing Harbour City. 307 Holly Ave, together with 311 & 315 Holly Ave, offers R8 zoning and an approved Development Permit for a 47-unit apartment building, providing a clear and efficient path to development. All three properties are currently rented, generating solid holding income while plans move forward—ideal for investors seeking both cash flow and future upside. Located minutes from downtown Nanaimo, the waterfront, Harbourfront Walkway, transit, shopping, and dining, this site benefits from strong tenant demand and urban convenience. Nanaimo’s continued growth, supported by revitalization efforts and long-term expansion tied to the Port of Nanaimo, further enhances the investment appeal. A rare opportunity to acquire a permit-ready multi-family site in a high-demand, high-growth location. Measurements approx. buyers agent to verify if fundamental to purchase
- Property Type:
- Residential
- Type:
- Single Family Residence
- Year built:
- 1964 (Age: 62)
- Close Price Lease Total:
- Signup
- Existing Lease Expiry:
- Signup
- Living Area:
- 1,030 sq. ft.
- Listing General Location:
- Na Central Nanaimo, Nanaimo
- Bedrooms:
- 3
- Bathrooms:
- 1.0 (Full:-/Half:-)
- Lot Size:
- 7,260 sq. ft.
- Kitchens:
- 1
- Taxes:
- Signup
- Construction:
- Vinyl Siding
- New Construction:
- No
- Basement:
- Crawl Space
- Foundation:
- Concrete Perimeter
- Roof:
- Fibreglass Shingle
- Ceiling Heights:
- Signup
- Total Building Area:
- 1,030 sq. ft.
- Total Unfinished Area:
- 0 sq. ft.
- Commercial Area:
- Signup
- # Bedrooms or Dens Total:
- 3
- # Main Level Bedrooms:
- 3
- # Second Level Bedrooms:
- 0
- # Third Level Bedrooms:
- 0
- # Lower Level Bedrooms:
- 0
- # Other Level Bedrooms:
- 0
- # Main Level Bathrooms:
- 1
- # Second Level Bathrooms:
- 0
- # Third Level Bathrooms:
- 0
- # Lower Level Bathrooms:
- 0
- # Other Level Bathrooms:
- 0
- # Main Level Kitchens:
- 1
- # Second Level Kitchens:
- 0
- # Third Level Kitchens:
- 0
- # Lower Level Kitchens:
- 0
- # Other Level Kitchens:
- 0
- Living Area Lower Floor:
- 0 sq. ft.
- Living Area Main Floor:
- 1,030 sq. ft.
- Living Area Other Floor:
- 0 sq. ft.
- Living Area 2nd Floor:
- 0 sq. ft.
- Living Area 3rd Floor:
- 0 sq. ft.
- Fireplaces:
- 1
- Fireplace Details:
- Wood Burning
- Laundry Features:
- In Unit
- Water supply:
- Municipal
- Sewer:
- Sewer Connected
- Cooling:
- None
- Heating:
- Baseboard
- Fireplace:
- Yes
- Pending Date:
- Signup
- Ground Level
- 0
- Yes
- No
- Unrestricted
- Floor
- Type
- Size
- Other
- Financing Notes:
- Signup
- Assessed:
- Signup
- Assessment year:
- Signup
- Approximate Inventory Value:
- Signup
- Fixed Equipment Approx. Value:
- Signup
- Goodwill Approx. Value:
- Signup
- Gross Income:
- Signup
- Net Operating Income:
- Signup
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Jurisdiction name:
- City of Nanaimo
- Legal Description:
- Signup
- Units in Building:
- Signup
- Units in Community:
- Signup
- Number of 2 piece baths:
- 0
- Number of 3 piece baths:
- 0
- Number of 4 piece baths:
- 1
- Number of 5 piece baths:
- 0
- Number of 2 piece Ensuites:
- 0
- Number of 3 piece Ensuites:
- 0
- Number of 4 piece Ensuites:
- 0
- Occupancy:
- Tenant
- Property Condition:
- Resale
- Exposure / Faces:
- East
- Layout:
- Rancher
- Attached Garage:
- No
- Carport Spaces:
- 1
- Garage Spaces:
- 0
- Garage:
- No
- Parking Features:
- Carport, Driveway
- Total Parking Spaces:
- 4
- Total Units:
- Signup
- Date Listed:
- Feb 04, 2026
- Original Price:
- 749000.0
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View of front facade with an attached carport -
Rear view of property featuring a fenced backyard, a storage unit, a patio area, and roof with shingles
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View of fenced backyard
-
Living area featuring wood finished floors
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Living area featuring a fireplace and wood finished floors
-
Kitchen with a peninsula, light wood-type flooring, electric range oven, baseboard heating, and open shelves
-
Kitchen with open shelves, white appliances, washer / dryer, a peninsula, and white cabinetry
-
Kitchen with black appliances, washer / clothes dryer, white cabinets, and light wood-type flooring
-
Laundry room featuring washing machine and dryer
-
Bedroom with wood finished floors
-
Bathroom with vanity, shower / bath combination with curtain, and light wood-style flooring
-
View of apartment building / complex
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View of apartment building / complex
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View of apartment building / complex
-
View of apartment building / complex
Listed by Sutton Group-West Coast Realty (Nan)
Data was last updated February 5, 2026 at 10:05 AM (UTC)
Area Statistics
- Listings on market:
- 76
- Avg list price:
- $499,000
- Min list price:
- $225,000
- Max list price:
- $1,147,000
- Avg days on market:
- 55
- Min days on market:
- 1
- Max days on market:
- 241
- Avg price per sq.ft.:
- $418.98
These statistics are generated based on the current listing's property type
and located in
Na Central Nanaimo. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- WIN MYINT
- 460 REALTY
- 1 (250) 732-8388
- Contact by Email
- SANDY LIU
- 460 REALTY
- 1 (250) 732-8878
- Contact by Email
