90.00 ACLand / OtherContactSale
90.00 AC
Land / Other
Sale
Kevin Sojoodi
NAI Commercial BC
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Highlights • 90 Acres • Large Scale Development (480 units) • Mix of Houses, Townhouses and Condos • Development Permit Almost Ready • Close to Amenities and Schools • Excellent access/egress to/from Island Highway Opportunity NAI Commercial is pleased to present the opportunity to acquire 90 Acres of Prime Development Land! This development land offers limitless potential for creating a vibrant and thriving community, a harmonious blend of single-family houses, townhouses, and condominiums, totalling an impressive 480 units, nestled on picturesque landscape with panoramic views. The property is currently zoned R10 with a land use designation in the OCP for Suburban Neighbourhood. Development permit for 480 units is in progress and will be ready for pick up soon.
The Property
Available Space90.00 AC
Property UseInvestment property
ZoningR10
SourceDirect
Highway Access
The Lot
Nanaimo is growing fast with a population of 108,000 and projecting 140,000 by 2031. Based on the current growth, Nanaimo needs approximately 12,000 new housing units by then. This property is located strategically on Nanaimo Pkwy with easy access/egress, close to all amenities and schools, next to Sandstone Masterplan development.
Property TypeLand / Other
Lot Size10.00 AC
Up to $500K for British Columbia businesses
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