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Listed by Cody Dreger 460 Realty Inc. (NA)
$ 2,950,000
Est. payment | /mo
5.96 Acres Lot
$ 2,950,000
Est. payment | /mo
5.96 Acres Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1039366
HOA Y/N No
Tax Year 2025
Lot Size 5.960 Acres
Acres 5.96
Property Sub-Type Multi Family
Property Description
Rare development opportunity in highly desirable Upper Lantzville. This 5.96-acre property has been largely cleared, offers municipal services at the lot line, and benefits from extensive planning, due diligence, and entitlement work already completed. The key advantage is the R8-zoned frontage along Harwood Drive, allowing a phased development strategy: begin with 14 high-end patio homes for early revenue generation, followed by 9 single-family strata lots on the remaining R1/R2 lands. Completed work includes rezoning (R1/R2/R8), environmental and wetland assessments, stormwater management plan, RAPR approval, survey, park dedication satisfaction, and Development Permit documentation ready for submission. An existing ~2,100 SF tenanted home provides potential interim income. The adjacent property may also be available for purchase, creating a potential 34-unit vision. NDA required for qualified developers. Contact listing agents for the confidential package.
Location
Province BC
County Nanaimo, City Of
Community Na Upper Lantzville
Area Nanaimo
Interior
Fireplace No
Exterior
Parking Features On Site
View Y/N No
Garage No
Others
Ownership Freehold
Nearby Locations
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