Area: British Columbia
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A well-positioned lakefront residential development investment opportunity is available for builders and developers seeking a manageable-scale project. This approximately 3/4-acre property fronts Diver Lake, featuring flexible COR2 zoning, which supports street-oriented, medium-density residential and mixed-use development along major corridors. The site previously held a Development Permit for approximately 16–20 residential units in a multi-storey building with underground parking. While a new Development Permit will be required, the prior approval demonstrates the site’s suitability for a purpose-built rental apartment or boutique condominium project at a manageable scale. With strong southern exposure, direct lake frontage, and proximity to schools, transit, and amenities, this property offers a compelling infill development opportunity within Nanaimo’s growing urban corridor—well suited to developers seeking an efficient project with long-term rental or sell-out potential. (id:44056)

Property Details

Full Address:
3801 Shenton Rd, Nanaimo, British Columbia
Price:
$ 1,400,000
MLS Number:
1024041
List Date:
January 22nd, 2026
Lot Size:
0.75 ac
Taxes:
$ 20,756

Interior Features

Building Features

Zoning:
Unknown
Ownership Type:
Freehold
Taxes:
$ 20,756

Floors

Land

Lot Size:
0.75 ac

Neighbourhood Features

Ratings

Commercial Info

Neighbourhood Details

Location

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John MacDonald Personal Real Estate Corporation RE/MAX Camosun
 604-751-0819
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Listing Agent(s)

Listing: John MacDonald
RE/MAX Camosun

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