4900 Rutherford Rd, Nanaimo, BC, V9T 4Z4
$4,200,000MLS® # 977920
House For Sale In Long Lake/Linley Valley, Nanaimo, British Columbia
Property Information:
Nanaimo serves as a hub for many central and northern Vancouver Island communities, but has recently seen many significant developments plus reinvigoration of the downtown as a tourism and commerce center. It has the mildest climate in Canada with growing jobs and business opportunities and increasingly more retirees and seniors are relocating here. This prime site can be developed on its own or combined with the 2 adjoining properties as a package. It has existing designs for 65room hotel expansion and convention facility or 33 strata condos with commercial, health spa and retail. These designs do not reflect the current higher density and height designations prevalent in the area recently. It is a perfect location for a senior/care facility, as there are many in the area of Long Lake. It is zoned COR2 with base density of 1.25 up to 1.75 FSR on its own. Combined with the adjoining sites, it may achieve density well over 2.0 FSR.
Property Features:
- Annual Tax Amount: $24,823
- Lot Features: Corner Lot, Easy Access, Near Golf Course, Shopping Nearby, Sloped, See Remarks
- Lot Frontage: 52272 Square Feet
- Lot Size: 1.20 Acres
- Ownership: Freehold
- Parking Features: On Site
- Property Sub Type: Mixed Use
- Water Source: Municipal
- Zoning: COR2
- Sewer: Sewer Available
Courtesy of: Sutton Group-West Coast Realty Marine Drive
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.