Development opportunity-PLA and DP in place for 39 freehold strata lots to accommodate 1 and 2 story modular homes on beautiful, private 8.63 acres in the Cedar side of the Chase River area with municipal services to the property line. This is an ideal opportunity to build out a manufactured home community of new (or used renovated) turn key homes for resell or rental similar to that of Deerwood Estates whereby homes have sold in excess of $600,000 on a leased lot. Due to the housing crisis, higher density rezoning to townhomes or other use may be an option upon application and consultation with the City of Nanaimo. Extensive parkland and nature borders the west side of the property extending to Beck Creek, trails to the Nanaimo River Estuary and ocean front provides privacy and nature surrounding the property. The site is positioned near the future 726 acre residential and commercial Sandstone development that will provide easy access to shopping, dining and amenities.
Property Type:
Commercial Sale
Type:
Unimproved Land
Commercial Type:
Land
Lease Type:
Sale Price
Listing General Location:
Na Chase River, Nanaimo
Bathrooms:
-
(Full:-/Half:-)
Lot Size:
8.63 acre(s)3.492 hectare(s)
Total Building Area:
1,800 sq. ft.167.225 m2
Subdivisable Area:
Yes
Sewer:
None
Fireplace:
No
off Trans Canada Hwy and Highway 1, turn onto Cedar Road at the south end of Nanaimo, first street on left is Fielding Road.
Data was last updated October 31, 2024 at 04:05 PM (UTC)
Area Statistics
Listings on market:
97
Avg list price:
$1,150,000
Min list price:
$23
Max list price:
$11,500,000
Avg days on market:
91
Min days on market:
2
Max days on market:
513
These statistics are generated based on the current listing's property type
and located in
Nanaimo. Average values are
derived using median calculations.