Views
Address
4470 Burma Rd, Nanaimo, BC
Price
$ 15,888,888
Property Attributes
  • ID#962875
  • TypeCommercial
  • CityNanaimo
  • AreaNanaimo
  • NeighbourhoodNa North Nanaimo
  • Postal CodeV9T 5X4
  • StyleMulti Family
  • Taxes$ 32083
  • Price$ 15,888,888
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3000
  • Lot Size29.16 Acres
Data Source:
Vancouver Island Real Estate Board (VIREB)
Property Description

Discover the pinnacle of North Nanaimo's real estate: a sprawling 29.16-acre parcel primed for development. Zoned Urban Reserve, it promises potential for 22+ dwellings, amid an area where neighboring lots fetch $500K+ for 6000sf. Rezoning options for multifamily or higher density amplify its allure, offering endless possibilities. Enhancing its appeal is a contemporary 5-bed, 4-bath home with a legal mortgage helper suite. Vendor financing could be an option for eligible buyers. Seize the opportunity to capitalize on this prime investment now! All measurements approximate, buyer to verify if fundamental to the purchase

General Features

Sewer Sewer To Lot
Zoning AR2
View Other
Property SubType Multi Family
Property Type Commercial Sale
Commercial Area Core (excl Downtown)
Commercial Listing Type Building,Land

Exterior Features

Building Features See Remarks
Lot Features Acreage,Private,Quiet Area,Rocky,Serviced,Wooded Lot
Water Source Municipal
Building Area Total 3000.00
Lot Size Square Feet 1267596.00
Lot Size Acres 29.16
View YN Yes

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 V9T 5X4

Price
AVG $15.89M
$15.89M
Taxes
AVG $32,083
$32,083
Visits
AVG 136
135
Data Provided by Inside Real Estate®

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