$1,460,000
$1,545,000
5.5%For more information regarding the value of a property, please contact us for a free consultation.
1.7 Acres Lot
SOLD DATE : 05/10/2022
Key Details
Sold Price $1,460,000
Property Type Commercial
Sub Type Unimproved Land
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 892550
Sold Date 05/10/22
Rental Info Unrestricted
Annual Tax Amount $7,730
Tax Year 2021
Lot Size 1.700 Acres
Acres 1.7
Property Description
Strategic commercial corner property located at the entrance of Nanoose Bay Village & Fairwinds Golf & Residential Development. 1.7 Acres plus a registered easement for access/egress for over 100 space parking lot of 1.04 acres which provides the project with functionally usable size of 2.75 acres. Property is approved for 2 phases of commercial development with no time frame limit for construction or completion. Phase 1 is ready to go & will consist of 3 levels with 30,247 SF of mixed commercial. Property has been approved for both left & right hand vehicle turning lanes on Powder Point Rd & Northwest Bay Rd. Owners have been advised the OCP Plan currently supports multi-res & commercial usage. Amending the current zoning to Comm/Res Mix would provide approx. 20,000 SF of residential on the 1st & 2nd floor plus 13,508 SF commercial on the main level. Certified appraisal is available & owner will help buyer navigate any amendments the Buyer might require for future development changes.
Location
Province BC
County Nanaimo Regional District
Area Pq Nanoose
Zoning CD30
Exterior
Parking On Site 1
Building
Lot Description Acreage, Corner, Easy Access, Near Golf Course
Sewer Septic Needed
Water None
Others
Restrictions Easement/Right of Way
Tax ID 018-700-136
Ownership Freehold
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Bought with RE/MAX of Nanaimo
