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Cody White

cody.white@engelvoelkers.com +1(250) 661-0573

Listed by Mike Phillips Sutton Group-West Coast Realty (Nan)

$ 2,580,000

Est. payment -/mo

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Active

565 Brechin Rd Nanaimo, BC V9S 2X1

1.92 Acres Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1022767

HOA Y/N No

Annual Tax Amount $11,041

Tax Year 2025

Lot Size 1.920 Acres

Acres 1.92

Property Sub-Type Unimproved Land

Property Description

This 1.92-acre Oceanview development property in Brechin Hill boasts scenic views of Departure Bay, Newcastle Channel, and Nanaimo Harbour. The City of Nanaimo is open to various rezoning and development options, including a proposed 47-unit development with 15 townhouses and 32-unit apartment building or a previous plan for 24 luxury townhomes with/without suites. Alternatively, subdivide into 10-12 Oceanview lots for single-family homes, duplexes, or multiplexes, subject to city approval. And the Citywide Parking Review has lowered parking ratio requirements. Flexible development options allow phased construction of townhouses/ residential lots based on market conditions or financing or leverage attractive CMHC rates for rental apartment construction. Architectural, geotechnical, environmental, and other reports are available to serious buyers. The Buyer must independently verify all property details and development potential through the City of Nanaimo or qualified professionals.

Location

Province BC

County Nanaimo, City Of

Community Na Brechin Hill

Area Nanaimo

Zoning R1

Interior

Fireplace No

Exterior

Parking Features On Site

Garage Spaces 2.0

View Y/N Yes

View City, Mountain(s), Ocean

Total Parking Spaces 2

Garage No

Building

Lot Description Acreage, Central Location, Easy Access, Family-Oriented Neighbourhood, Marina Nearby, Recreation Nearby, Rectangular Lot, Shopping Nearby, Southern Exposure, See Remarks

Sewer Sewer To Lot

Water To Lot

Others

Ownership Freehold

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NEARBY SCHOOLS & PROPERTIES

Cody White

Advisor

+1(250) 661-0573

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