3801 Shenton Rd

3801 Shenton Rd · Nanaimo, Diver Lake · Vacant Land · $1,400,000 · MLS 1024041

Nanaimo, British Columbia · Neighbourhood: Diver Lake
C$1,400,000
For sale
3801 Shenton Rd

3801 Shenton Rd is located in Nanaimo (Diver Lake). Property snapshot: Vacant Land, listed at $1,400,000, MLS 1024041. Compare transit, schools, similar supply, strata/carrying costs and resale liquidity—not just photos and asking price. Current DOM/site exposure: 116. Latest recorded list price 1400000.00.

List Price: $1,400,000
MLS: 1024041
Days on Site: 116
Price History: Latest recorded list price 1400000.00

Local Decision Guide

How should buyers evaluate 3801 Shenton Rd?

Start by reading this listing in its Nanaimo Diver Lake context: price, property type, land or strata setup, age, transit, schools, similar supply, carrying costs and resale liquidity should be considered together, not just photos and asking price.

What should be checked before writing an offer?
  • Recent comparable sales, competing active listings, days on market, price changes and current market pace.
  • Property condition, inspection risk, insurance, financing, tax, title and any disclosure documents.
  • For strata homes, review minutes, contingency reserve, special levies, rental rules and pet bylaws.
How do buyers find land with rebuild or multiplex potential, what should they watch, and how can returns be improved?

To find land with this potential, start with zoning, lot size, frontage, lane or driveway access, servicing, trees, slope, basement conditions, BC Assessment, title restrictions and municipal permits. The highest-return plan is usually not simply the maximum unit count; it is the best balance between approval risk, construction cost, rent or resale pricing, floor-plan efficiency, parking and holding period.

What does this page not replace?

It does not replace a realtor, lawyer, inspector, mortgage broker, insurance review, tax advice, strata documents, BC Assessment or municipal records. Use it to form better questions, then verify independently.

Listing FAQ

What is the current list price for 3801 Shenton Rd?

This page shows a list price of $1,400,000 with MLS 1024041.

What type of home is this Nanaimo, Diver Lake listing?

The page shows Vacant Land at 3801 Shenton Rd. Buyers should still verify strata/land context, interior size, age and inspection findings.

How long has this listing been on the market?

Current records show about 116 days on market/site. Latest recorded list price 1400000.00.

What should buyers check first on this listing?

Start with price, location, property type, land or strata context, condition, schools/transit, recent comparable sales and carrying costs; if redevelopment or multiplex potential matters, also review zoning, lot size, servicing and municipal rules.

Can AI analysis replace professional advice?

No. AI analysis is for faster context and market screening; final decisions should still rely on a realtor, lawyer, inspection, financing, tax and municipal due diligence.

Remarks

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:56153)

Property Details

Vacant Land
Building Type
-
Bedrooms
-
Bathrooms
32,670 sf
Lot Area

Transaction: For sale

Status: active

Listing ID: 29281615 (1024041)

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Site Context

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Includes local area, zoning, floodplain, easement, development activity, and city-level site context signals.

Property Summary

Price: C$1,400,000

Lot Area: 32,670 sf

PID: 030-366-810

Days on Site: 116 days

Added to BurnabyHouse: 2026-03-28

Updated on: 2026-03-28 02:23 PM PDT

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Lot info

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Includes parcel identifiers, size details, and land and approval context.

Schools

No school catchment matches were found for this listing yet.

Nearby Points of Interest

Grocery / Food Access
About 528.8 m away
3200 Island Highway North
About 777.3 m away
Shopping Centres
About 612 m away
3200 Island Highway North
About 1.1 km away

Price History

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View price changes, listing events, and the full timeline.

BC Assessment

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BC Assessment Sales History & Nearby Sales

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Last Updated: Thu, 22 Jan 2026 03:05:01 PM PST

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Listing Office: RE/MAX Camosun

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