Lot for sale

2555 East Wellington Rd, Nanaimo

$2,150,000 or
$2,150,000 or

Lot for sale

2555 East Wellington Rd, Nanaimo

Features

Lifestyle
885712 2150000 /en/lot~for-sale~nanaimo/885712?view=Summary /en/lot~for-sale~nanaimo/885712/photos 49.1742400000 -124.0163600000 true
Lot Size
686,070 sqft
Gross Property Tax
$9,075 /year
Zoning
AR2

Description

First time for sale in 40 years. 15 gently sloping vacant land in the city, not in the ALR. Located on the corner of East Wellington Rd and Stobart Rd. There is an artesian well near the east corner,which neighbouring properties have access to via a small line sevice easement. City water line (see pix of fire hydrant) runs down the entire length of Stobart Rd. Mature trees, Fir & Cedar. Gently sloping to the east, with a very nice view, over neighboring farm properties. Preliminary investigations into sub-division suggest that it can be subdivided into 3 parcels of five acres each, and each parcel can have TWO homes on it. One of those lots ( and only 1) can be connected to the city water line. A suggested subdivision layout for 64 lots, when sewer is available, is included, but it's up to the buyer to investigate the properties potential. Close to amenities, and hiking/biking activities. Great property for a group to hold and develop. Measurements are approx.
MLS® Number 885712

Listing REALTOR®

Gordon Halkett, REALTOR<sup>®</sup>

Gordon Halkett

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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