$2,145,000

Investment For Sale In Long Lake/Linley Valley, Nanaimo, British Columbia

$2,145,000

Property Information:

Excellent 1.7-acre (6879 m² / 74052 sq ft) development opportunity is located on a quiet road in Nanaimo’s desirable Uplands neighbourhood, a community known for its natural beauty & predominantly single-family homes. Zoned R1 (Single Dwelling Residential), the property supports low-density residential development with minimum lot sizes of 500 m² (5,382 sq ft) for standard single-family lots or 450 m² (4,844 sq ft) for lane-access parcels. Under the OCP, the property is designated “Suburban Neighbourhood,” an area oriented toward low-rise residential development with a target density of 25 units per hectare. Typical supported building forms include single-family homes, duplexes, triplexes, fourplexes & townhomes. The property offers approx. 35.01 m (115 ft) of frontage and an average depth of 127.45 m (4,418 ft), providing excellent flexibility for subdivision or multi-unit planning. Great holding property with an existing decent sized 4-bedroom 2-bath home.

Property Features:

  • Annual Tax Amount: $6,177
  • Construction Materials: Frame Wood, Stucco & Siding
  • Floor Space (approx): 1970 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Lot Features: Acreage, Central Location, Easy Access, Irregular Lot, Quiet Area, Serviced, Shopping Nearby, In Wooded Area
  • Lot Frontage: 74052 Square Feet
  • Lot Size: 1.70 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: R1
  • Sewer:

Courtesy of: REMAX Professionals (NA)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.