House for sale

4470 Burma Rd, Nanaimo

$15,888,888 or
$15,888,888 or

House for sale

4470 Burma Rd, Nanaimo

Features

Lifestyle
5 bedrooms
4 bathrooms
962877 15888888 /en/house~for-sale~nanaimo/962877?view=Summary /en/house~for-sale~nanaimo/962877/photos 49.2258900000 -123.9812800000 true
Style
Other
Year Built
2022
Floor Area
2,800 sqft
Lot Size
1,267,596 sqft
Gross Property Tax
$32,083 /year
Zoning
AR2
Amenities
Security System, Garden
Additional Features
Hillside, No Through Road, Park Setting, Quiet Area, Rural Setting, Southern Exposure, In Wooded Area, Wooded Lot

Description

Welcome to the crown jewel of North Nanaimo! This 29.16-acre property is a developer's dream, offering immense potential for lucrative ventures. Currently zoned as Urban Reserve, envision over 22 dwellings sprawling across this vast expanse. With neighboring subdivisions fetching upwards of $500K for 6000sf lots, the investment potential is staggering. But wait, there's more! This property presents an unparalleled opportunity for rezoning, paving the way for multifamily or higher density usage. Imagine the possibilities: a vibrant community, a thriving commercial hub, or luxurious residential complexes. The choice is yours, limited only by your imagination. Nestled within this expansive parcel lies a stunning new 5-bed, 4-bath home, complete with a legal mortgage helper suite. BC Assessment measurements provide a solid foundation, with details to be verified by the discerning buyer. And for those seeking flexibility, vendor financing may be available for qualified buyers, subject to the seller's discretion. Don't miss out on this once-in-a-lifetime chance to secure your slice of Nanaimo's future. Seize the opportunity, and let your vision become reality. Reach out today to unlock the potential of this remarkable property!
MLS® Number 962877

Listing REALTOR®

Nita Sihota, REALTOR<sup>®</sup>

Nita Sihota

REALTOR®

Sutton Group-West Coast Realty (Nan)

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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