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$2,400,000
Est. payment /mo
5 Acres Lot
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 974531
Style Other
Rental Info Unrestricted
Annual Tax Amount $9,198
Tax Year 2023
Lot Size 5.000 Acres
Acres 5.0
Property Sub-Type Land
Property Description
Discover an exceptional investment opportunity with this 5-acre development lot located within the city limits of Nanaimo, one of the region's fastest-growing areas. A current proposal for a 27-unit development has been thoroughly discussed with city officials, and all architectural and engineering designs, along with geotechnical, environmental, and other reports, are available as part of the offering. The potential for higher density under the new Nanaimo OCP regulations offers even more substantial development opportunities. Situated next to the Swordfern/Stonecrop subdivision in the desirable Cinnabar Heights area along Extension Rd, this lot provides a perfect blend of natural living and urban convenience. It is an ideal location for your next project, offering both tranquility and proximity to city amenities.
Location
Province BC
County Nanaimo, City Of
Area Na Chase River
Zoning R10
Direction See Remarks
Rooms
Kitchen 0
Interior
Heating Other
Cooling Other
Exterior
Parking Features Other
Building
Lot Description Acreage, Easy Access, See Remarks
Faces See Remarks
Sewer Sewer To Lot
Water To Lot
Others
Tax ID 001-021-222
Ownership Freehold
Pets Allowed Aquariums, Birds, Caged Mammals, Cats, Dogs
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Listed by Westmont Realty Inc.