$1,980,000

Investment For Sale In Long Lake/Linley Valley, Nanaimo, British Columbia

$1,980,000

Property Information:

Rare opportunity – 1.6-acre (6,475 m² / 69,696 sq ft) development site on a quiet road in Nanaimo’s sought-after Uplands neighbourhood. Zoned R1 (Single Dwelling Residential), allowing minimum lot sizes of 500 m² (5,382 sq ft) or 450 m² (4,844 sq ft) with lane access. Designated “Suburban Neighbourhood” under the OCP, supporting low-rise housing at up to 25 units/ha, including single-family homes, duplexes, triplexes, fourplexes and townhomes. The property offers approx. 37 m (121 ft) frontage and 135 m (444 ft) average depth, ideal for subdivision or multi-unit planning. Existing 2,900 sq ft updated home with 4 bedrooms, 4 bathrooms, in-law suite, 338 sq ft workshop. Excellent holding property. Land assembly potential totaling 4.9 acres.

Property Features:

  • Annual Tax Amount: $6,951
  • Construction Materials: Aluminum Siding, Cement Fibre, Frame Wood, Insulation All, Vinyl Siding
  • Cooling: None
  • Exterior Features: Balcony/Deck, Balcony/Patio
  • Floor Space (approx): 2878 Square Feet
  • Flooring: Mixed
  • Foundation Details: Concrete Perimeter
  • Heating: Forced Air, Natural Gas
  • Lot Features: Acreage, Central Location, Easy Access, Irregular Lot, Quiet Area, Recreation Nearby, Shopping Nearby
  • Lot Frontage: 69696 Square Feet
  • Lot Size: 1.60 Acres
  • Ownership: Freehold
  • Parking Features: On Site
  • Property Sub Type: Multi Family
  • Road Surface Type: Paved
  • Water Source: Municipal
  • Zoning: R1
  • Sewer:

Courtesy of: REMAX Professionals (NA), eXp Realty (NA)

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.