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$ 4,388,000
Est. payment | /mo
$ 4,388,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Sub Type Other
Listing Status Active
Purchase Type For Sale
Subdivision Fvreb Out Of Town
MLS Listing ID R2921482
Annual Tax Amount $10,110
Tax Year 2023
Acres 5.0
Property Description
Discover an exceptional investment opportunity with this 5-acre development lot located within Nanaimo''s city limits, one of the region''s fastest-growing areas. A 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 provides substantial development opportunities. Adjacent to the Swordfern/Stonecrop subdivision in the desirable Cinnabar Heights area along Extension Rd, this lot offers a perfect blend of natural living and urban convenience. It is an ideal location for your next project, combining tranquility with proximity to city amenities.
Location
Province BC
Community Fvreb Out Of Town
Area Fvreb Out Of Town
Building/Complex Name CHASE RIVER
Zoning R10
Region Fraser Valley
City Region Fraser Valley
Exterior
View Y/N Yes
View PARK; VALLEY; FOREST
Accessibility Road Access
Building
Sewer At Lot Line
Water City/Municipal
Others
Restrictions Other
Tax ID 001-021-222
Ownership Freehold NonStrata
Listed by Westmont Realty Inc.
701 W Georgia St Unit 1500, Vancouver, Columbia, V4B0C1, Canada