Welcome to the crown jewel of North Nanaimo! This 29.16-acre property is a developer's dream, offering immense potential for lucrative ventures. Currently zoned as Urban Reserve, envision over 22 dwellings sprawling across this vast expanse. With neighboring subdivisions fetching upwards of $500K for 6000sf lots, the investment potential is staggering. But wait, there's more! This property presents an unparalleled opportunity for rezoning, paving the way for multifamily or higher density usage. Imagine the possibilities: a vibrant community, a thriving commercial hub, or luxurious residential complexes. The choice is yours, limited only by your imagination. Nestled within this expansive parcel lies a stunning new 5-bed, 4-bath home, complete with a legal mortgage helper suite. BC Assessment measurements provide a solid foundation, with details to be verified by the discerning buyer. And for those seeking flexibility, vendor financing may be available for qualified buyers, subject to the seller's discretion. Don't miss out on this once-in-a-lifetime chance to secure your slice of Nanaimo's future. Seize the opportunity, and let your vision become reality. Reach out today to unlock the potential of this remarkable property! (id:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
5
Bathrooms
4
Total Area
2,800 ft2
Features
Hillside, Park setting, Southern exposure, Wooded area, Other
Listing Contract Date
2024-05-05
Municipal ID
016-060-229
Ownership Type
Freehold
# of Parking Spaces
2
Property Type
Single Family
Transaction Type
For sale
Zoning Description
AR2
Zoning
Residential
Building
Architectural Style
Westcoast
Constructed Date
2022
Cooling Type
See Remarks
Fireplace Present
Yes
# of Fireplaces
2
Heating Fuel
Electric
Heating Type
Other
Total Finished Area
2800 sqft
Type
House
Rooms
Room
Level
Dimensions
Notes
Bedroom
Second level
11'5 x 10'5
Kitchen
Second level
17'0 x 12'4
Bathroom
Second level
4-Piece
Bathroom
Second level
4-Piece
Bedroom
Second level
11'6 x 10'11
Primary Bedroom
Second level
13'0 x 10'0
Kitchen
Main level
14'0 x 11'0
Bedroom
Main level
10'6 x 11'6
Bedroom
Main level
11'2 x 11'0
Bathroom
Main level
3-Piece
Bathroom
Main level
3-Piece
Land
Total Size
29.1 acres
Acreage
Yes
Size of Irregular Land
29.1
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