2379 Brown’s Lane presents a rare multi-family development opportunity in a central Nanaimo location, with a Development Permit already approved for 21 family-oriented townhomes. The entitlement work is complete, offering a meaningful jump-start and significantly reduced development risk. The site is well positioned near schools, shopping, transit routes, employment centres, and healthcare services—key drivers of long-term end-user demand. The approved density and layout align with proven absorption trends for townhome product in the area. Construction timing allows a developer to build through the current market cycle with anticipated completion aligning with improved market conditions. An excellent opportunity for builders or investors seeking clarity, certainty, and a strategic path forward in a well-established neighbourhood. (id:57571)
| MLS® Number | 1025313 |
| Property Type | Single Family |
| Neigbourhood | Diver Lake |
| Parking Space Total | 4 |
| Bathroom Total | 1 |
| Constructed Date | 1968 |
| Cooling Type | None |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Size Interior | 572 Ft2 |
| Total Finished Area | 572 Sqft |
| Type | House |
| Open |
| Acreage | No |
| Size Irregular | 0.98 |
| Size Total | 0.98 Ac |
| Size Total Text | 0.98 Ac |
| Zoning Description | Cor 1 |
| Zoning Type | Residential |
| Level | Type | Length | Width | Dimensions |
|---|
https://www.realtor.ca/real-estate/29332047/2379-browns-lane-nanaimo-diver-lake
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Real Estate Data supplied by CREA®’s MLS® System. CREA® is the owner of the copyright in its MLS® System. Data deemed reliable but not guaranteed accurate by CREA®. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.
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