House for sale

5378 Rutherford Rd, Nanaimo

$1,199,000 or
$1,199,000 or

House for sale

5378 Rutherford Rd, Nanaimo

Features

Lifestyle
2 bedrooms
2 bathrooms
979669 1199000 /en/house~for-sale~nanaimo/979669?view=Summary /en/house~for-sale~nanaimo/979669/photos 49.2283100000 -124.0185500000 true
Style
Rancher
Year Built
1988
Floor Area
1,319 sqft
Lot Size
21,311 sqft
Gross Property Tax
$5,328.57 /year
Zoning
RS1
Amenities
Wheelchair Friendly, Central Vacuum, Sprinkler System
View
Ocean
Additional Features
Landscaped, Level, Shopping Nearby
40

Description

This expansive half-acre lot, now rezoned to R6, offers a prime opportunity for development in the desirable Rutherford Ridge area. With the new zoning, the property may accommodate the construction of up to seven strata townhouses, making it an ideal investment for developers looking to capitalize on the area's growth potential. The property is perfectly situated within walking distance of Nanaimo's top amenities, including renowned bakeries, restaurants, shopping centers, and yoga studios. The existing 1,300 square foot rancher features an open-concept design with a spacious kitchen and living area centered around a natural gas fireplace. The main living space leads to a private, tree-lined backyard and a substantial wrap-around deck totaling nearly 800 square feet. Additional features of the home include a laundry room next to the kitchen, a separate pantry, built-in vacuum system, ceiling fan, 200-amp electrical service, and a mudroom with direct access to the large two-car garage. The well-designed floor plan places two bedrooms at one end of the home, separated by a four-piece bathroom. A level driveway and additional RV parking enhance the property's appeal. Large windows throughout ensure plenty of natural light, creating a bright and inviting atmosphere. This property not only offers immediate comfort but also significant potential for future development with its ability to support multiple strata townhouses.
MLS® Number 979669

Listing REALTORS®

Shawn Mcdonald, REALTOR<sup>®</sup>

Shawn Mcdonald

REALTOR®

Royal LePage Nanaimo Realty (NanIsHwyN)

Kristin Mcdonald, REALTOR<sup>®</sup>

Kristin Mcdonald

REALTOR®

Royal LePage Nanaimo Realty (NanIsHwyN)

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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