Discover an exceptional investment opportunity with this 5-acre development lot located within Nanaimo's city limits, one of the region's fastest-growing areas. A 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 provides substantial development opportunities. Adjacent to the Swordfern/Stonecrop subdivision in the desirable Cinnabar Heights area along Extension Rd, this lot offers a perfect blend of natural living and urban convenience. It is an ideal location for your next project, combining tranquility with proximity to city amenities. Measurements sourced from what are considered reliable sources but should be independently verified. All measurements are approximate and should be confirmed by buyer.
Data was last updated October 9, 2024 at 03:05 PM (UTC)
Area Statistics
Listings on market:
13
Avg list price:
$259,000
Min list price:
$75,000
Max list price:
$5,600,000
Avg days on market:
149
Min days on market:
35
Max days on market:
733
These statistics are generated based on the current listing's property type
and located in
FVREB Out of Town. Average values are
derived using median calculations.
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