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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Kyle Kerr

kyle@initiumre.com +1(250) 818-5595

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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

Province BC

County Nanaimo, City Of

Area Na Brechin Hill

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

Tax ID 006-278-612

Ownership Freehold

Virtual Tour https://youtu.be/WiaMMTNVu10

Listed by Sutton Group-West Coast Realty (Nan)

I have bought a house with Kyle Kerr as my realtor and it was a smooth professional experience. I specifically like working with a realtor like him who responds fast and communicates clearly to any questions I have promptly. He was also my realtor for the sale of my condo recently and the photographer was great and I had wonderful pictures. It sold above listing price within a day and his staff were also in contact to assist in this transaction

+1(250) 818-5595

info@initiumre.com

505 Dalton St, Victoria, V9A, 4B1