$6,750,000

Investment For Sale In Hammond Bay, Nanaimo, British Columbia

$6,750,000

Property Information:

This is an exceptional opportunity to acquire a multifamily development site, offering significant scale in the North Nanaimo neighborhood of Nanaimo, B.C. 4451 & 4471 Burma Road is comprised of two parcels: 4451Burma Road - 6.36 acres and 4471 Burma Road - 8.43 acres in size. Both sites are designated Suburban Neighborhood in the official community plan and represent an excellent opportunity for a developer to entitle the lands and develop a variety of potential housing units including single-unit dwellings with / without secondary suites; duplexes; ground-oriented multi-unit dwellings including triplex, fourplex, and townhomes; and small-scale commercial / mixed-use. The Property is surrounded by low density forms of development and sits on the hilltop directly adjacent to the Cottle Lake Linley Valley Park.

Property Features:

  • Annual Tax Amount: $4,737
  • Lot Features: Central Location, Easy Access, Shopping Nearby
  • Lot Frontage: 644252.4 Square Feet
  • Lot Size: 14.79 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Condition: Updated/Remodeled
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: AR2
  • Sewer:

Courtesy of: Colliers International (Nan)

MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.