950 Bruce Ave

Description

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 excellent 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 rezoning potential with the City of Nanaimo). The property is currently zoned R1 and features an existing 4-bedroom, 1-bath home along with a separate cabin, providing holding income or flexible living options. A detached garage adds further utility. Surrounded by ongoing growth, this location is just minutes from key amenities and is situated within a neighbourhood seeing continued investment and development. Adding to its appeal, the City has acquired approximately 5 acres of parkland directly behind the property, enhancing privacy and long-term livability. 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. For further information, please reach out to Travis Briggs at travisbriggs.ca or 250-713-5501 (id:63159)

Property Details

Annual property tax

$7,345

Brokerage

eXp Realty (NA)

Location Insights

Population

99,863

(2021 Census)

+10.3% since 2016

Density

1,104.1/km²

Dwellings

45,138

Median household income

$75,500

After-tax

$68,500

Immigrant population

16.1%

Top countries of origin

• United Kingdom3.5% · 3,495
• China1.3% · 1,285
• United States of America1.2% · 1,155
• India1.1% · 1,075
• Philippines1% · 1,040
• Germany0.6% · 635
• Korea, South0.5% · 470
• Viet Nam0.5% · 455

Source: Statistics Canada, 2021 Census of Population.

Weather

23°C

Mostly Cloudy

Humidity 54%

Wind N 5 km/h

Today

24°

Tonight

14°

Thursday

22°

Thursday night

11°

Friday

16°

Friday night

12°

Source: Environment and Climate Change Canada.