This 1.89 acre (82510sf) parcel has R10 zoning which permits residential uses such as multifamily development and single family lots. Its current use is ideally an estate-type build with two residences to minimize access requirements. As a development property, this holds longer term value as a holding property until other development on surrounding properties is planned and economies of scale for access are realized. The City of Nanaimo under the Official Community Plan has designated this as Neighbourhood Corridor which supports multifamily. All zoning needs to be confirmed relative to the changes under BC Government Bill 44 and the City of Nanaimo's recent zoning changes. Services to the property line include both water and sewer; Fortis is approx. 100ft from property. The location is walking distance to both elementary and secondary schools, bus routes, and proximate to shopping, professional offices, and most other Departure Bay, Upland, and Central Nanaimo amenities. All measurements are approximate and should be verified if important. (id:4069)
Address
3470 Tunnah Rd
List Price
$435,000
Property Type
Vacant Land
Area
British Columbia
Sub-Area
Nanaimo
Lot Size
1.89 Sq. Ft.
MLS® Number
984790
Listing Brokerage
RE/MAX of Nanaimo
Postal Code
V9T2V9
Zoning
R10
Features
Acreage, Central location, Private setting, Wooded area, See remarks, Other
