$4,200,000 FOR SALE

Commercial/Retail

4900 Rutherford Rd
Nanaimo, BC V9T 4Z4 | Uplands

Nanaimo serves as a hub for many central and northern Vancouver Island communities, but has recently seen many significant developments plus reinvigoration of the downtown as a tourism and commerce center. It has the mildest climate in Canada with growing jobs and business opportunities and increasingly more retirees and seniors are relocating here. This prime site can be developed on its own or combined with the 2 adjoining properties as a package. It has existing designs for 65room hotel expansion and convention facility or 33 strata condos with commercial, health spa and retail. These designs do not reflect the current higher density and height designations prevalent in the area recently. It is a perfect location for a senior/care facility, as there are many in the area of Long Lake. It is zoned COR2 with base density of 1.25 up to 1.75 FSR on its own. Combined with the adjoining sites, it may achieve density well over 2.0 FSR. (id:47423)

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Listed By Sutton Group-West Coast Realty
Data Provided By Vancouver Island Real Estate Board
MLS® Listing Number 977920
Last Updated Oct 07, 2024
Property Summary
Property Type Commercial/Retail

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Neighbourhood Uplands
Price History
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Detailed Information
Features Corner Site, Sloping, See remarks, Other
Listing Contract Date 2024-10-01
Municipal ID 027-215-563
Ownership Type Freehold
Plan VIP83746
Property Type Other
Transaction Type For sale
Zoning Description COR2
Zoning Unknown
Building
Type Commercial Mix
Land
Total Size 1.2 acres
Acreage Yes
Size of Irregular Land 1.2

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