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Listed by Westmont Realty Inc.
$ 4,388,000
Est. payment | /mo
5 Acres Lot
$ 4,388,000
Est. payment | /mo
5 Acres Lot
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Chase River
MLS Listing ID R2921482
HOA Y/N No
Lot Size 5.000 Acres
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
State BC
Community Fvreb Out Of Town
Area Fvreb Out Of Town
Zoning R10
Exterior
Utilities Available Sanitary Sewer At Lot Line, Storm Sewer At Lot Line, Electricity Not Available, Natural Gas Not Available, Phone Nearby, Cable Not Available
View Y/N Yes
View PARK; VALLEY; FOREST
Exposure East
Garage No
Building
Water Public
Others
Ownership Freehold NonStrata
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201 - 5550 152 Street Surrey BC V3S 5J9, Surrey, BC, V3S 5J9, CAN