217,800 sqft lot
Freehold NonStrata
R10 zone
Public remarks
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.
Private remarks
Appointments by touchbase/telephone/text/email. Touchbase and go. Information sources from what are considered reliable sources but should be independently verified. All measurements are approximate and should be confirmed by buyer. Buyer is responsible for determining applicability of GST. VIREB# 974531 Measurements sourced from what are considered reliable sources but should be independently verified. All measurements are approximate and should be confirmed by buyer.
Buyer agency compensation
$38,000 + gst
$4,388,000
Active
Listed
08/30/2024
Expiry date
Original price
Gross taxes (2023)
$10,110.75
Property transfer tax
$137,400.00
Last Updated: 09/09/2024 02:39 PM
Courtesy of Westmont Realty Inc.
| Address | MLS® | Changed | List date | Status | List price | Close price | List agent | List office |
|---|---|---|---|---|---|---|---|---|
| 2330 Extension Road | R2921482 | 09/09/2024 02:39 PM | 08/30/2024 | Active | $4,388,000 | Login to view | Yuvraj Soni | Westmont Realty Inc. |