LAND ASSEMBLY – Transit-Oriented investment opportunity in a prime location adjacent to Nanaimo Skytrain Station. Buy now and hold for future high-rise redevelopment. Recently announced, Bill 47 (Transit-Oriented Areas) has designated the subject properties for a condo tower at a minimum height of 20 storeys and minimum density of 5.5 FSR. Additionally, the recently adopted Vancouver Plan, designates the Nanaimo Station area as a “Rapid Transit Area” with a potential for residential towers up to 25 storeys. Four lots - 2474 24th Ave & 4011, 4029, 4035 Kamloops Street to be sold together. This site is within close proximity to Trout Lake Park and Community Centre, and conveniently located only 8 minutes from downtown via the Expo Line. Please do not walk on the properties.
Data was last updated October 10, 2024 at 04:40 AM (UTC)
Area Statistics
Listings on market:
59
Avg list price:
$2,385,000
Min list price:
$1,399,000
Max list price:
$4,887,960
Avg days on market:
58
Min days on market:
1
Max days on market:
940
Avg price per sq.ft.:
$1,020.41
These statistics are generated based on the current listing's property type
and located in
Renfrew Heights. Average values are
derived using median calculations.
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