$ 4,200,000
4900 RUTHERFORD ROAD No City Value, BC V0V 0V0
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$ 4,200,000
Est. payment | /mo
$ 4,200,000
Est. payment | /mo
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
Subdivision Out Of Town
MLS Listing ID C8063529
Property Description
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 65 room 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.
Location
State BC
Community Out Of Town
Area Out Of Town
Zoning British Columbia Default Zone
Region Greater Vancouver
City Region Greater Vancouver
Building
Dwelling Type Land Commercial
Water Municipal
Listed by Sutton Group-West Coast Realty
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