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.
Address
2379 Browns Lane
List Price
$1,775,000
Property Type
Residential
Type of Dwelling
Single Family Residence
Transaction Type
Sale
Area
Nanaimo
Sub-Area
Na Diver Lake
Bathrooms
1
Floor Area
572 Sq. Ft.
Lot Size
42534 Sq. Ft.
Lot Size (Acres)
0.98 Ac.
Year Built
1968
MLS® Number
1025313
Listing Brokerage
Sutton Group-West Coast Realty (Nan)
Basement Area
Crawl Space, None
Postal Code
V9T 3L5
Tax Amount
$9,757.17
Tax Year
2025
Features
Baseboard, Electric