Commercial property for sale

5360 Bergen-Op-Zoom Dr, Nanaimo

$3,799,000 or
$3,799,000 or

Commercial property for sale

5360 Bergen-Op-Zoom Dr, Nanaimo

Features

Lifestyle
901842 3799000 /en/commercial-property~for-sale~nanaimo/901842?view=Summary /en/commercial-property~for-sale~nanaimo/901842/photos 49.2181300000 -124.0347800000 true
Floor Area
4,359 sqft
Lot Size
160,301 sqft
Gross Property Tax
$6,655 /year
Zoning
R1
Additional Features
Acreage, Central Location, Easy Access, Irregular Lot, Shopping Nearby

Description

Excellent development opportunity located in North Nanaimo on Vancouver Island in British Columbia. This offering is for 3.68 acres of fairly level land located in the Pleasant Valley area off of Metral Drive that just underwent a significant upgrade to accommodate the various developments and increased population within the area. The property is improved with 2 homes. The primary residence was built in 1990, is in great shape and offers 2,425 sq ft of living space with a total of 3 bedrooms, 3 bathrooms, den and hobby room. The second home is the original home that offers 1,934 sq ft with 1 bedroom plus 2 dens and 1 bathroom. The property is currently zoned Residential 1 however is within a commercial and residential neighborhood that is transitioning to a mix of low to high density multi-family developments. Under the City of Nanaimo Official Community Plan (OCP) the property is designated “Corridor” which is designated to support higher density land uses including medium to high density residential as well as mixed commercial use. The property is well suited for rezoning to R6 (Low Density Residential) and R8 (Medium Density Residential) or a combination of both. The size of the property would support a multiple family rezoning to a density range of 74-223 units depending on the design. These types of properties are very rare in the central mid Island area and this particular property provides an income stream while under the design stage while determining the highest and best use for the strategically located property. Nanaimo is a rapidly growing community with a strong demand for housing whether it be purpose built rental units, condos, or townhomes. This is a great holding property! Please email or call for further details. All measurements are approximate and data should be verified if important.
MLS® Number 901842

Listing REALTOR®

Brent Russell, REALTOR<sup>®</sup>

Brent Russell

REALTOR®

RE/MAX Of Nanaimo

Location

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  • The amounts shown above are for information purposes only and do not include taxes, if applicable.
  • You must purchase mortgage default insurance if your down payment is less than 20 per cent of the purchase price of the property.
  • This calculator doesn't calculate the further 2% tax on residential property greater than $3,000,000 or the additional property transfer tax on residential property transfers to foreign entities or taxable trustees. Learn more about property transfer tax.
  • There are additional costs to buying a home. Speak with your REALTOR® for more information.
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