8
See all 8 photos
$3,000,000
Est. payment /mo
1.92 Acres Lot
Active
565 Brechin Rd Nanaimo, BC V9S 2X1
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Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 995073
Rental Info Unrestricted
Annual Tax Amount $10,252
Tax Year 2024
Lot Size 1.920 Acres
Acres 1.92
Property Sub-Type Unimproved Land
Property Description
This 1.92-acre Oceanview development property in Brechin Hill boasts scenic views of Departure Bay, Newcastle Channel, and Nanaimo Harbour. The City of Nanaimo is open to various rezoning and development options, including a proposed 47-unit development with 15 townhouses and 32-unit apartment building or a previous plan for 24 luxury townhomes with/without suites. Alternatively, subdivide into 10-12 Oceanview lots for single-family homes, duplexes, or multiplexes, subject to city approval. And the Citywide Parking Review is expected to ease parking requirements. Flexible development options allow phased construction of townhouses/ residential lots based on market conditions or financing or leverage attractive CMHC rates for rental apartment construction. Architectural, geotechnical, environmental, and other reports are available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.
Location
State BC
County Nanaimo, City Of
Area Nanaimo
Zoning R1
Exterior
Parking On Site 1
View Y/N Yes
View City, Mountain(s), Ocean
Total Parking Spaces 2
Building
Lot Description Acreage, Central Location, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Recreation Nearby, Rectangular Lot, Shopping Nearby, Southern Exposure, See Remarks
Sewer Sewer To Lot
Water To Lot
Others
Pets Allowed Yes
Tax ID 006-278-612
Ownership Freehold
Virtual Tour https://youtu.be/WiaMMTNVu10
Listed by Sutton Group-West Coast Realty (Nan)
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