$ 4,200,000
4900 Rutherford Rd Nanaimo, BC V9T 4Z4
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$ 4,200,000
Est. payment | /mo
1.2 Acres Lot
$ 4,200,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 977920
Rental Info Unrestricted
Annual Tax Amount $24,823
Tax Year 2023
Lot Size 1.200 Acres
Acres 1.2
Property Description
Nanaimo serves as a hub for many central and northern Vancouver Island communities, but has recently seen many significant developments plus reinvigoration of the downtown as a tourism and commerce center. It has the mildest climate in Canada with growing jobs and business opportunities and increasingly more retirees and seniors are relocating here. This prime site can be developed on its own or combined with the 2 adjoining properties as a package. It has existing designs for 65room hotel expansion and convention facility or 33 strata condos with commercial, health spa and retail. These designs do not reflect the current higher density and height designations prevalent in the area recently. It is a perfect location for a senior/care facility, as there are many in the area of Long Lake. It is zoned COR2 with base density of 1.25 up to 1.75 FSR on its own. Combined with the adjoining sites, it may achieve density well over 2.0 FSR.
Location
Province BC
County Nanaimo, City Of
Area Nanaimo
Zoning COR2
Exterior
Parking On Site 1
Building
Lot Description Corner, Easy Access, Near Golf Course, Shopping Nearby, Sloping, See Remarks
Sewer Sewer Available
Water Municipal
Others
Pets Allowed Yes
Restrictions Unknown
Tax ID 027-215-563
Ownership Freehold
Acceptable Financing Clear Title
Listing Terms Clear Title
Listed by Sutton Group-West Coast Realty Marine Drive
