Discover an exceptional investment opportunity with this 5-acre development lot located within the city limits of Nanaimo, one of the region's fastest-growing areas. A current proposal for a 27-unit development has been thoroughly discussed with city officials, and all architectural and engineering designs, along with geotechnical, environmental, and other reports, are available as part of the offering. The potential for higher density under the new Nanaimo OCP regulations offers even more substantial development opportunities. Situated next to the Swordfern/Stonecrop subdivision in the desirable Cinnabar Heights area along Extension Rd, this lot provides a perfect blend of natural living and urban convenience. It is an ideal location for your next project, offering both tranquility and proximity to city amenities.
Data was last updated November 3, 2024 at 12:05 PM (UTC)
Area Statistics
Listings on market:
31
Avg list price:
$849,000
Min list price:
$198,000
Max list price:
$4,388,000
Avg days on market:
47
Min days on market:
5
Max days on market:
153
Avg price per sq.ft.:
$370.89
These statistics are generated based on the current listing's property type
and located in
Na Chase River. Average values are
derived using median calculations.