$9,750,000

Investment For Sale In Westwood, Nanaimo, British Columbia

$9,750,000

Property Information:

One of the last large residential development sites in Nanaimo at approximately 90.48 acres. The site features unobstructed views of the City of Nanaimo and the vibrant Nanaimo coastline. The current owner has completed extensive work and studies on the property, and submitted an application to the City of Nanaimo in 2023 contemplating a 10 lot subdivision. The owners conceptual plans propose a mix of housing including single family homes, duplexes, townhouses and condominium units. Ideally situated above the Nanaimo Parkway, ensuring easy access to Harewood district amenities and 10 minutes from downtown Nanaimo. Upon signing an NDA, access will be provided to an extensive data room containing all site studies and applications.

Property Features:

  • Annual Tax Amount: $21,800
  • Lot Features: Acreage, Central Location, Irregular Lot
  • Lot Frontage: 3941308.8 Square Feet
  • Lot Size: 90.48 Acres
  • Ownership: Freehold
  • Property Sub Type: Multi Family
  • Zoning: R-10

Courtesy of: Colliers International (Nan)

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