This 1.89 acre (82510sf) parcel has R10 zoning which permits residential uses such as multifamily development and single family lots. Its current use is ideally an estate-type build with two residences to minimize access requirements. As a development property, this holds longer term value as a holding property until other development on surrounding properties is planned and economies of scale for access are realized. The City of Nanaimo under the Official Community Plan has designated this as Neighbourhood Corridor which supports multifamily. All zoning needs to be confirmed re: under BC Government Bill 44 and the City of Nanaimo's recent zoning changes. Services to the property line include both water and sewer; Fortis is approx. 100ft from property. The location is walking distance to both elementary and secondary schools, bus routes, and proximate to shopping, and most other Departure Bay and Upland amenities. All measurements are approximate and should be verified if important.
Property Type:
Residential
Type:
Land
Listing General Location:
Na Uplands, Nanaimo
Bedrooms:
0
Bathrooms:
0.0
(Full:-/Half:-)
Lot Size:
1.894 acre(s)0.77 hectare(s)
Kitchens:
0
Taxes:
$2,282 /
2024
# Bedrooms or Dens Total:
0
# Main Level Bedrooms:
0
# Second Level Bedrooms:
0
# Third Level Bedrooms:
0
# Lower Level Bedrooms:
0
# Other Level Bedrooms:
0
# Main Level Bathrooms:
0
# Second Level Bathrooms:
0
# Third Level Bathrooms:
0
# Lower Level Bathrooms:
0
# Other Level Bathrooms:
0
# Main Level Kitchens:
0
# Second Level Kitchens:
0
# Third Level Kitchens:
0
# Lower Level Kitchens:
0
# Other Level Kitchens:
0
Water supply:
To Lot
Sewer:
Sewer To Lot
Fireplace:
No
Pending Date:
Apr 04, 2025
Date Sold:
May 01, 2025
Main Level
0
Yes
No
Unrestricted
Financing Notes:
Price plus GST. 3.5% ON 1ST 100K + 1.5% ON BAL IF PHYSICAL INTRODUCTION; OTHERWISE 75% OF THE SAME
Assessed:
407000.0
Assessment year:
2025
Jurisdiction name:
City of Nanaimo
Legal Description:
LOT 20, DISTRICT LOT 18, WELLINGTON DISTRICT, PLAN 13120, EXCEPT PART IN
PLAN 38605
Zoning:
R10
Number of 2 piece baths:
0
Number of 3 piece baths:
0
Number of 4 piece baths:
0
Number of 5 piece baths:
0
Number of 2 piece Ensuites:
0
Number of 3 piece Ensuites:
0
Number of 4 piece Ensuites:
0
Lot Site Features:
Acreage, Central Location, Private, Quiet Area, In Wooded Area, See Remarks