Property Description
Development Opportunity - Expansive 90.48-acre parcel located in the rapidly growing area of South Nanaimo. Currently zoned R10, this zoning provides for detached, single residential dwelling subdivisions and clustered multiple family developments. The property features dedicated parkland and enjoys a prime location just minutes from Vancouver Island University, making it an attractive prospect for future development. Lot size is based on BC Assessment and should be independently verified. Buyers to perform their own due diligence with the City of Nanaimo and relevant government bodies regarding potential land use, zoning, and development abilities and restrictions. The property falls within multiple Development Permit Areas (DPAs), which may affect future plans. Offered as-is, where-is. All information and measurements are approximate and must be verified if important.
Property Details
MLS #:
1013534
ID #:
29865881
Type:
Commercial Sale
Sub-Type:
Multi Family
Area:
Nanaimo
Sub-Area:
Na South Nanaimo
Status:
Active
Lot Size:
90.48 acres
Property Tax:
$25,258 (2024)
Days on Market:
86 days
Listing provided by Royal LePage Nanaimo Realty (NanIsHwyN)
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CMHC Insurance Required: Down payments less than 20% require mortgage default insurance.
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