Victoria Real Estate
950 Bruce Ave photo 1 of 63
1 / 63

950 Bruce Ave

$1,850,000

South Nanaimo

Multifamily— · — · —Built 1920

Interested in this home?

Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.

About this home

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:65179)

Property details

From the listing's public record.

Lot size

1.96 acres

Year built

1920

Taxes

$7,345/yr

Zoning

Unknown

Heating

Heat PumpElectric

Cooling

Air Conditioned

Lot

AcreageCentral locationPark settingPartially cleared

Price history

3 records

Every recorded listing event for this property — sales, relists, expired or withdrawn listings.

  1. Jul 1, 2026

    Listed $1,850,000

    ActiveMLS 1041972
  2. Jul 1, 2026

    Listed $1,850,000

    ActiveMLS 1041976
  3. Aug 5, 2025

    Listed $2,499,900

    Expired177 days on marketMLS 1009442

How this listing compares

Based on 12 sales in Nanaimo

Median sold

$718,500

Avg days on market

36 days

Avg sale-to-list

96.1%

Avg $/sqft

$337

Current market in Nanaimo

Active (same type)

18

Pending

1

All active listings

916

Months of supply

18

Buyer's market18 months of supply at the current sales pace.

Assessment

From publicly available property records.

Assessed value

$2,366,000

Homes in Nanaimo sell at 97.4% of assessed value on average.

Based on 12 recent sales.

Local price trend

How South Nanaimo has moved over the last decade.

264388512Aug 2016Aug 2021Apr 2022

Local price index (normalized) · 5 months

Recent nearby sales

7 sales
  • 2148 Dodds Rd

    $715,000

    4 bd · 2 ba · 1,760 sqft · $406/sqft · 54 days on market

    Sold Jun 15, 2026 · 96.6% of list

  • 5858/5856 Annsobel Cir

    $753,500

    6 bd · 4 ba · 2,632 sqft · $286/sqft · 37 days on market

    Sold Jun 5, 2026 · 100.5% of list

  • 5997/6001 Hammond Bay Rd

    $1,075,000

    9 bd · 6 ba · 4,440 sqft · $242/sqft · 33 days on market

    Sold Jun 4, 2026 · 97.7% of list

  • 1140 Beaufort Dr

    $685,000

    4 bd · 2 ba · 1,870 sqft · $366/sqft · 18 days on market

    Sold Jun 3, 2026 · 97.9% of list

  • 604 Kennedy St

    $1,600,000

    10 bd · 5 ba · 6,593 sqft · $243/sqft · 31 days on market

    Sold Mar 31, 2026 · 92.5% of list

  • 502 Elizabeth St

    $635,000

    4 bd · 4 ba · 1,556 sqft · $408/sqft · 45 days on market

    Sold Jan 29, 2026 · 90.7% of list

  • 103/105 Duggan Pl

    $722,000

    6 bd · 4 ba · 2,640 sqft · $273/sqft · 44 days on market

    Sold Jan 6, 2026 · 93.2% of list

More on this listing

Interested in this home?

Ask a question or arrange a viewing — or get our full inside-agent valuation of this home.

Powered by REALTOR.caListed by eXp Realty (NA)