Rare Ocean View Development Opportunity in North Nanaimo! Perched high in the prestigious Ocean View Terrace neighbourhood, this exceptional 13,454 SF lot offers breathtaking panoramic views of the Salish Sea, stretching from Downtown Vancouver & the Coastal Mountains to the Sunshine Coast. Enjoy stunning sunsets over the Winchelsea Islands and ever-changing ocean scenery from your future dream home. This expansive property also presents excellent subdivision potential, with the possibility to create two or more building lots (buyer to verify with the City of Nanaimo), making it an attractive opportunity for builders, developers, or investors. Located in one of North Nanaimo’s most desirable neighbourhoods, just minutes to top-rated schools, shopping, restaurants, beaches, parks, and recreation. A rare chance to secure a premium ocean-view property with development potential in a highly sought-after location. Price plus GST. All measurements are approximate, be verified if important.
Data was last updated March 13, 2026 at 06:05 PM (UTC)
Area Statistics
Listings on market:
152
Avg list price:
$862,000
Min list price:
$269,900
Max list price:
$3,980,000
Avg days on market:
44
Min days on market:
1
Max days on market:
636
Avg price per sq.ft.:
$440.79
These statistics are generated based on the current listing's property type
and located in
Na North Nanaimo. Average values are
derived using median calculations. This data is not produced by
the MLS® system.