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Listed by Mike Phillips Sutton Group-West Coast Realty (Nan)
$ 2,680,000
Est. payment /mo
Active
565 Brechin Rd Nanaimo, BC V9S 2X1
1.92 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1022767
HOA Y/N No
Annual Tax Amount $11,041
Tax Year 2025
Lot Size 1.920 Acres
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 has lowered parking ratio 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
Community Na Brechin Hill
Area Nanaimo
Zoning R1
Exterior
View Y/N Yes
View City, Mountain(s), Ocean
Total Parking Spaces 2
Garage No
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
Locker No
Others
Ownership Freehold
Virtual Tour https://youtu.be/WiaMMTNVu10
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