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One-acre land assembly sells for $22.5 million

Court-ordered sale holds promise of development
3805-3919-nanaimo-street-vancouver
This transit-oriented land assembly at 3805-3919 Nanaimo Street in Vancouver sold Nov. 28, 2023, for $22.5 million via court order.

DEAL | Sold via court order on Nov. 28, 2023, this 11-lot land assembly transacted for an approved offer of $22.5 million. This was above its 2023 assessed value of $18,759,100. Sam Nakhleh of NAI Commercial had the listing, described as “suited to well-capitalized developers and investors.” Situated near Nanaimo SkyTrain station, the transit-oriented site is zoned RS-1 and may qualify for additional density.

PRICE | $22,500,000

FROM | Sam Nakhleh, NAI Commercial