$ 4,200,000
4900 Rutherford Rd Nanaimo, BC V9T4Z4
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$ 4,200,000
Est. payment | /mo
1.2 Acres Lot
$ 4,200,000
Est. payment | /mo
1.2 Acres Lot
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Subdivision Uplands
MLS® Listing ID 977920
Originating Board Vancouver Island Real Estate Board
Lot Size 1.200 Acres
Acres 52272.0
Property Description
Nanaimo serves as a hub for many central and northern Vancouver Island communities, but has recently seen many significant developments plus reinvigoration of the downtown as a tourism and commerce center. It has the mildest climate in Canada with growing jobs and business opportunities and increasingly more retirees and seniors are relocating here. This prime site can be developed on its own or combined with the 2 adjoining properties as a package. It has existing designs for 65room hotel expansion and convention facility or 33 strata condos with commercial, health spa and retail. These designs do not reflect the current higher density and height designations prevalent in the area recently. It is a perfect location for a senior/care facility, as there are many in the area of Long Lake. It is zoned COR2 with base density of 1.25 up to 1.75 FSR on its own. Combined with the adjoining sites, it may achieve density well over 2.0 FSR. (id:24570)
Location
Province BC
Zoning Unknown
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Sutton Group-West Coast Realty
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Andy Katoch
Agent | License ID: LDKATOCAN