Address
103 Lotus Pinnatus Way, Nanaimo, BC
Price
$ 5,900,000
Property Attributes
  • MLS#1046554
  • TypeCommercial
  • Listing Status Active
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa South Nanaimo
  • Postal CodeV9R 4A7
  • StyleMulti Family
  • Taxes$ 25258
  • Price$ 5,900,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size90.48 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

Development Opportunity - Expansive 90.48-acre parcel located in the rapidly growing area of South Nanaimo. Currently zoned R10, this zoning provides for detached, single residential dwelling subdivisions and clustered multiple family developments. The property features dedicated parkland and enjoys a prime location just minutes from Vancouver Island University, making it an attractive prospect for future development. Lot size is based on BC Assessment and should be independently verified. Buyers to perform their own due diligence with the City of Nanaimo and relevant government bodies regarding potential land use, zoning, and development abilities and restrictions. The property falls within multiple Development Permit Areas (DPAs), which may affect future plans. Offered as-is, where-is. All information and measurements are approximate and must be verified if important.

General Features

Zoning R10
Property Subtype Multi Family
Property Type Commercial Sale
Commercial Area Not Applicable
Commercial Listing Type Land

Exterior Features

Lot Features Acreage,Central Location
Lot Size Square Feet 3941308.80
Lot Size Acres 90.48

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in V9R 4A7

Price
AVG $5.9M
$5.9M
Taxes
AVG $25,258
$25,258
Visits
AVG 21
20
Data Provided by Inside Real Estate®

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